ACTE AS: årsregnskap 2005 vs 2004
Shrank 67% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ACTE AS. Revenue 149.7k NOK → 49.5k NOK (-67.0%). Net result -1 962 NOK → -7 511 NOK. Equity 38.7k NOK → 31.6k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACTE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 149.7k NOK to 49.5k NOK (-67.0% YoY). Calculated
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↓
Operating result weakened
Operating result +2 723 NOK → -9 991 NOK (op. margin 1.8% → -20.2%). Calculated
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↓
Net result weakened
Net result -1 962 NOK → -7 511 NOK (net margin -1.3% → -15.2%). Calculated
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↓
Equity eroded
Book equity 38.7k NOK → 31.6k NOK (equity ratio 54.3% → 73.6%). Calculated
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↓
Cash fell
Bank deposits 17.2k NOK → 5 999 NOK (-65.2% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 38.7k NOK → 37.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 115.3k NOK → 26.6k NOK (-76.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 1 783 NOK. Reported fact