ADCOM HOLDING AS: årsregnskap 2006 vs 2005
Another loss-making year
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ADCOM HOLDING AS. Revenue 3.92m NOK → 4.03m NOK (+2.9%). Equity 1.63m NOK → 615.4k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADCOM HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3.92m NOK to 4.03m NOK (+2.9% YoY). Calculated
-
↑
Cash rose
Bank deposits 5 NOK → 910.8k NOK (+18216140.0% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +223.1k NOK → -987.3k NOK (op. margin 5.7% → -24.5%). Calculated
-
↓
Equity eroded
Book equity 1.63m NOK → 615.4k NOK (equity ratio 44.7% → 17.7%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.39× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 2.51m NOK → 1.93m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 361.3k NOK → 1.45m NOK (9% → 36% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 688.3k NOK → 230.8k NOK (-66.5% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 337.5k NOK → 340.5k NOK. Reported fact