ADB REGNSKAP AS: årsregnskap 2005 vs 2004
Shrank 6% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADB REGNSKAP AS. Revenue 1.35m NOK → 1.27m NOK (-5.5%). Net result +15.0k NOK → -24.4k NOK. Equity 24.8k NOK → 411 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADB REGNSKAP AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 789.6k NOK → 768.6k NOK (59% → 60% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.35m NOK to 1.27m NOK (-5.5% YoY). Calculated
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↓
Operating result weakened
Operating result +34.6k NOK → +6 294 NOK (op. margin 2.6% → 0.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 15.0k NOK profit to a loss of 24.4k NOK. Calculated
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↓
Equity eroded
Book equity 24.8k NOK → 411 NOK (equity ratio 3.7% → 0.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value -47.6k NOK → 10.9k NOK. Reported fact