ABSOR AS: årsregnskap 2005 vs 2004
Shrank 29% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABSOR AS. Revenue 1.10m NOK → 788.7k NOK (-28.6%). Equity -383.6k NOK → -712.3k NOK.
On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABSOR AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -434.7k NOK → -263.3k NOK (op. margin -39.4% → -33.4%). Calculated
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Cash rose
Bank deposits 5 469 NOK → 12.6k NOK (+130.6% YoY). Calculated
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Payroll decreased
Salary cost 339.3k NOK → 292.1k NOK (31% → 37% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.10m NOK to 788.7k NOK (-28.6% YoY). Calculated
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Equity eroded
Book equity -383.6k NOK → -712.3k NOK (equity ratio -40.0% → -111.1%). Calculated
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Current ratio dropped below 1×
Current ratio 1.71× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -111.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 604.8k NOK → 301.8k NOK (-50.1% YoY). Calculated