FirmaIQ
Org.nr 984 204 442 2004 → 2005 Year-over-year analysis

ABSYN HOLDING AS: årsregnskap 2005 vs 2004

Shrank 44% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for ABSYN HOLDING AS. Revenue 4.32m NOK → 2.42m NOK (-43.9%). Net result +1.63m NOK → +929.2k NOK. Equity 333.7k NOK → 263.0k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABSYN HOLDING AS.

At a glance

Scorecard

Revenue
4.32m NOK 2.42m NOK
-43.9%
Operating result
+2.28m NOK +370.4k NOK
-83.7%
Net result
+1.63m NOK +929.2k NOK
-42.8%
Equity
333.7k NOK 263.0k NOK
-21.2%
Total assets
3.33m NOK 3.84m NOK
+15.1%

What improved

  • ↑

    Payroll decreased

    Salary cost 472.4k NOK → 447.0k NOK (11% → 18% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.32m NOK to 2.42m NOK (-43.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +2.28m NOK → +370.4k NOK (op. margin 52.7% → 15.3%). Calculated

  • ↓

    Net result weakened

    Net result +1.63m NOK → +929.2k NOK (net margin 37.6% → 38.3%). Calculated

  • ↓

    Equity eroded

    Book equity 333.7k NOK → 263.0k NOK (equity ratio 10.0% → 6.9%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 273.7k NOK → 296.1k NOK (+8.2% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 0 NOK → 603.4k NOK. Reported fact