ADFLASH AS: årsregnskap 2005 vs 2004
Stronger earnings, cash halved-plus, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADFLASH AS. Net result +11.0k NOK → +27.9k NOK. Equity 481.1k NOK → 809.1k NOK.
On the constructive side: net result improved; equity strengthened; owners injected capital. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADFLASH AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +11.0k NOK → +27.9k NOK. Calculated
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↑
Equity strengthened
Book equity 481.1k NOK → 809.1k NOK (equity ratio 26.7% → 35.7%). Calculated
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↑
Owners injected capital
Paid-in equity rose 412.5k NOK → 712.5k NOK (+300.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +62.1k NOK → +60.1k NOK. Calculated
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↓
Cash fell
Bank deposits 216.8k NOK → 53.6k NOK (-75.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.13× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 90.0k NOK → 750.0k NOK. Reported fact