ACCELERATE AS: årsregnskap 2005 vs 2004
Grew 17% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ACCELERATE AS. Revenue 2.37m NOK → 2.77m NOK (+16.9%). Net result +97.7k NOK → +159.2k NOK. Equity 580.7k NOK → 339.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ACCELERATE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.37m NOK to 2.77m NOK (+16.9% YoY). Calculated
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Operating result improved
Operating result +108.4k NOK → +157.9k NOK (op. margin 4.6% → 5.7%). Calculated
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Net result improved
Net result +97.7k NOK → +159.2k NOK (net margin 4.1% → 5.8%). Calculated
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Payroll decreased
Salary cost 3.65m NOK → 1.91m NOK (154% → 69% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 580.7k NOK → 339.8k NOK (equity ratio 58.4% → 721.9%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 952.6k NOK → 180.7k NOK — check capital reduction, conversion, or reclassification. Interpretation