AD NAVIGATION AS: årsregnskap 2005 vs 2004
Grew 285% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AD NAVIGATION AS. Revenue 1.78m NOK → 6.84m NOK (+284.9%). Net result +107.0k NOK → +51.4k NOK. Equity 40.9k NOK → 1.64m NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AD NAVIGATION AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.78m NOK to 6.84m NOK (+284.9% YoY). Calculated
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Equity strengthened
Book equity 40.9k NOK → 1.64m NOK (equity ratio 4.7% → 37.9%). Calculated
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Owners injected capital
Paid-in equity rose 100.0k NOK → 1.64m NOK (+1.54m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +131.9k NOK → +71.3k NOK (op. margin 7.4% → 1.0%). Calculated
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↓
Net result weakened
Net result +107.0k NOK → +51.4k NOK (net margin 6.0% → 0.8%). Calculated
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↓
Cash fell
Bank deposits 709.6k NOK → 322.0k NOK (-54.6% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 1.01m NOK → 5.53m NOK (+449.3% YoY). Calculated