ACCELERATOR AS: årsregnskap 2005 vs 2004
Grew 25% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ACCELERATOR AS. Revenue 7.43m NOK → 9.28m NOK (+24.9%). Equity 108.8k NOK → 180.5k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACCELERATOR AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 7.43m NOK to 9.28m NOK (+24.9% YoY). Calculated
-
↑
Operating result improved
Operating result +23.1k NOK → +200.2k NOK (op. margin 0.3% → 2.2%). Calculated
-
↑
Equity strengthened
Book equity 108.8k NOK → 180.5k NOK (equity ratio 16.7% → 8.2%). Calculated
What deteriorated
-
↓
Current ratio dropped below 1×
Current ratio 1.05× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 8.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1.11m NOK → 1.47m NOK (15% → 16% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 4.52m NOK → 5.49m NOK (+21.4% YoY). Calculated