ABYSS AKVASERVICE AS: årsregnskap 2005 vs 2004
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABYSS AKVASERVICE AS. Revenue 0 NOK → 349.7k NOK. Net result +162.3k NOK → +588.0k NOK. Equity 137.7k NOK → -450.3k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABYSS AKVASERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 349.7k NOK. Calculated
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↑
Net result improved
Net result +162.3k NOK → +588.0k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +152.1k NOK → -496.2k NOK. Calculated
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↓
Equity eroded
Book equity 137.7k NOK → -450.3k NOK (equity ratio 9.1% → -33.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -33.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 NOK → 2.18m NOK. Calculated
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·
COGS fell
COGS / varekostnad 23.1k NOK → 1 189 NOK (-94.9% YoY). Calculated