ACTINIA AS: årsregnskap 2005 vs 2004
Shrank 87% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ACTINIA AS. Revenue 635.5k NOK → 84.2k NOK (-86.7%). Equity 148.5k NOK → 138.3k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ACTINIA AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 6 192 NOK → -21.9k NOK (1% → -26% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 635.5k NOK to 84.2k NOK (-86.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +75.2k NOK → -25.1k NOK (op. margin 11.8% → -29.8%). Calculated
-
↓
Equity eroded
Book equity 148.5k NOK → 138.3k NOK (equity ratio 10.0% → 9.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 140 NOK — check capital reduction, conversion, or reclassification. Interpretation