ACCESS ADVENTURES AS: årsregnskap 2005 vs 2004
Shrank 19% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ACCESS ADVENTURES AS. Revenue 1.14m NOK → 919.8k NOK (-19.2%). Net result +43.5k NOK → +110.4k NOK. Equity 19.6k NOK → 130.0k NOK.
On the constructive side: net result improved; 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 ACCESS ADVENTURES AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +43.5k NOK → +110.4k NOK (net margin 3.8% → 12.0%). Calculated
-
↑
Equity strengthened
Book equity 19.6k NOK → 130.0k NOK (equity ratio 5.2% → 13.1%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.14m NOK to 919.8k NOK (-19.2% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 88.8k NOK → 5.43m NOK (8% → 591% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 916.9k NOK → 186.1k NOK (-79.7% YoY). Calculated