ADIANTE AS: årsregnskap 2005 vs 2004
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADIANTE AS. Revenue 954.8k NOK → 912.7k NOK (-4.4%). Equity 178.3k NOK → 310.9k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADIANTE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 178.3k NOK → 310.9k NOK (equity ratio 10.1% → 16.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.29× → 2.68×. Calculated
-
↑
Payroll decreased
Salary cost 2.27m NOK → 470.4k NOK (237% → 52% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 954.8k NOK to 912.7k NOK (-4.4% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 493.6k NOK → 528.0k NOK. Reported fact