ACAPULKA AS: årsregnskap 2005 vs 2004
Shrank 80% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ACAPULKA AS. Revenue 908.3k NOK → 184.2k NOK (-79.7%). Net result -67.2k NOK → +96.5k NOK. Equity -144.7k NOK → -48.3k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACAPULKA AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -60.5k NOK → +108.4k NOK (op. margin -6.7% → 58.8%). Calculated
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Turned profitable
Net result flipped from a loss of 67.2k NOK to a profit of 96.5k NOK. Calculated
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↑
Equity strengthened
Book equity -144.7k NOK → -48.3k NOK (equity ratio -51.4% → -10.0%). Calculated
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Current ratio back above 1×
Current ratio 1.00× → 1.39×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 908.3k NOK to 184.2k NOK (-79.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 89.1k NOK → 3.16m NOK (10% → 1718% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 392.4k NOK → 354.5k NOK (-9.7% YoY). Calculated