ADDSECURE AS: årsregnskap 2005 vs 2004
Grew 43% on revenue, stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADDSECURE AS. Revenue 14.20m NOK → 20.28m NOK (+42.7%). Net result -18.44m NOK → -812.0k NOK. Equity -18.65m NOK → 204.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADDSECURE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 14.20m NOK to 20.28m NOK (+42.7% YoY). Calculated
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Operating result improved
Operating result -13.27m NOK → -9.90m NOK (op. margin -93.4% → -48.8%). Calculated
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Net result improved
Net result -18.44m NOK → -812.0k NOK (net margin -129.8% → -4.0%). Calculated
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Equity strengthened
Book equity -18.65m NOK → 204.3k NOK (equity ratio -170.0% → 0.8%). Calculated
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Owners injected capital
Paid-in equity rose 3.50m NOK → 23.17m NOK (+19.67m NOK). Reported fact
Things to notice
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Payroll increased
Salary cost 8.92m NOK → 10.50m NOK (63% → 52% of revenue). Calculated
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COGS moved
COGS / varekostnad 10.70m NOK → 13.36m NOK (+24.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 196.7k NOK → 198.8k NOK. Reported fact