ADIFICO ØKONOMI AS: årsregnskap 2005 vs 2004
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADIFICO ØKONOMI AS. Revenue 919.1k NOK → 937.9k NOK (+2.0%). Net result +405.8k NOK → +25.8k NOK. Equity 107.0k NOK → 130.3k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADIFICO ØKONOMI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 919.1k NOK to 937.9k NOK (+2.0% YoY). Calculated
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↑
Equity strengthened
Book equity 107.0k NOK → 130.3k NOK (equity ratio 12.3% → 106.5%). Calculated
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↑
Cash rose
Bank deposits 28.2k NOK → 771.9k NOK (+2635.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +556.8k NOK → +35.5k NOK (op. margin 60.6% → 3.8%). Calculated
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↓
Net result weakened
Net result +405.8k NOK → +25.8k NOK (net margin 44.1% → 2.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 212.7k NOK → 605.0k NOK (23% → 65% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 0 NOK → 45.5k NOK (None YoY). Calculated