Org.nr 811 673 862 2004 → 2005 Year-over-year analysis

ADELIN AS: årsregnskap 2005 vs 2004

Mixed movements in the accounts

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for ADELIN AS. Revenue 13.94m NOK → 14.03m NOK (+0.7%). Equity 9.76m NOK → 510.9k NOK.

On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADELIN AS.

At a glance

Revenue

13.94m NOK 14.03m NOK

+0.7%

Operating result

-268.2k NOK +140.9k NOK

+152.5%

Net result

-636.4k NOK n/m

—

Equity

9.76m NOK 510.9k NOK

-94.8%

Total assets

14.73m NOK 14.73m NOK

+0.0%

↑
Revenue rose

Operating income / revenue moved from 13.94m NOK to 14.03m NOK (+0.7% YoY). Calculated
↑
Operating result improved

Operating result -268.2k NOK → +140.9k NOK (op. margin -1.9% → 1.0%). Calculated
↑
Payroll decreased

Salary cost 4.58m NOK → 4.37m NOK (33% → 31% of revenue). Calculated

↓
Equity eroded

Book equity 9.76m NOK → 510.9k NOK (equity ratio 66.3% → 3.5%). Calculated

·
Thin equity buffer

Equity ratio is 3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS moved

COGS / varekostnad 7.79m NOK → 7.86m NOK (+0.9% YoY). Calculated