ADHAMA HOLDING AS: årsregnskap 2005 vs 2004
Grew 44% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADHAMA HOLDING AS. Revenue 5.66m NOK → 8.16m NOK (+44.2%). Net result +243.8k NOK → +382.9k NOK. Equity 105.2k NOK → 488.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADHAMA HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.66m NOK to 8.16m NOK (+44.2% YoY). Calculated
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Operating result improved
Operating result +411.8k NOK → +518.0k NOK (op. margin 7.3% → 6.4%). Calculated
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Net result improved
Net result +243.8k NOK → +382.9k NOK (net margin 4.3% → 4.7%). Calculated
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Equity strengthened
Book equity 105.2k NOK → 488.1k NOK (equity ratio 11.2% → 73.5%). Calculated
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Current ratio back above 1×
Current ratio 0.94× → 2.54×. Calculated
Things to notice
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Payroll increased
Salary cost 1 189 NOK → 561.1k NOK (0% → 7% of revenue). Calculated
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COGS moved
COGS / varekostnad 4 480 NOK → 6.36m NOK (+141849.5% YoY). Calculated