ACHIEVES AS: årsregnskap 2005 vs 2004
Grew 49% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ACHIEVES AS. Revenue 309.4k NOK → 460.1k NOK (+48.7%). Net result +19.8k NOK → +4.11m NOK. Equity 38.6k NOK → 150.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACHIEVES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 309.4k NOK to 460.1k NOK (+48.7% YoY). Calculated
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↑
Operating result improved
Operating result 0 NOK → +216.7k NOK (op. margin 0.0% → 47.1%). Calculated
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↑
Net result improved
Net result +19.8k NOK → +4.11m NOK (net margin 6.4% → 893.7%). Calculated
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↑
Equity strengthened
Book equity 38.6k NOK → 150.7k NOK (equity ratio 1.1% → 2.4%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.23× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 139.8k NOK → 29.8k NOK (-78.7% YoY). Calculated