ACANTI EIENDOM AS: årsregnskap 2005 vs 2004
Shrank 86% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ACANTI EIENDOM AS. Revenue 42.41m NOK → 6.07m NOK (-85.7%). Net result +1.31m NOK → +840.6k NOK. Equity 4.91m NOK → 2.62m NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACANTI EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.43× → 1.41×. Calculated
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↑
Payroll decreased
Salary cost 6.24m NOK → 0 NOK (15% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 42.41m NOK to 6.07m NOK (-85.7% YoY). Calculated
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↓
Operating result weakened
Operating result +3.50m NOK → +2.49m NOK (op. margin 8.3% → 40.9%). Calculated
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↓
Net result weakened
Net result +1.31m NOK → +840.6k NOK (net margin 3.1% → 13.9%). Calculated
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↓
Equity eroded
Book equity 4.91m NOK → 2.62m NOK. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 22.02m NOK → 0 NOK (-100.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 18.5k NOK → 0 NOK. Reported fact