ADECCO NORGE AS: årsregnskap 2005 vs 2004
Grew 511% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADECCO NORGE AS. Revenue 259.2k NOK → 1.58m NOK (+510.5%). Equity 278.8k NOK → 297.2k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADECCO NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 259.2k NOK to 1.58m NOK (+510.5% YoY). Calculated
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↑
Operating result improved
Operating result +22.4k NOK → +49.7k NOK (op. margin 8.6% → 3.1%). Calculated
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↑
Equity strengthened
Book equity 278.8k NOK → 297.2k NOK (equity ratio 38.2% → 38.1%). Calculated
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Owners injected capital
Paid-in equity rose 186.3k NOK → 211.0k NOK (+24.7k NOK). Reported fact
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.12m NOK → 1.22m NOK (432% → 77% of revenue). Calculated