ADCOMMITTO AS: årsregnskap 2005 vs 2004
Shrank 50% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADCOMMITTO AS. Revenue 247.8k NOK → 123.7k NOK (-50.1%). Equity 52.3k NOK → -36.0k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADCOMMITTO AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -73.2k NOK → -59.1k NOK (op. margin -29.5% → -47.8%). Calculated
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Payroll decreased
Salary cost 48.1k NOK → 0 NOK (19% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 247.8k NOK to 123.7k NOK (-50.1% YoY). Calculated
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↓
Equity eroded
Book equity 52.3k NOK → -36.0k NOK (equity ratio 79.5% → -156.6%). Calculated
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Current ratio dropped below 1×
Current ratio 2.87× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -156.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 20.8k NOK → 3 872 NOK (-81.4% YoY). Calculated