ADITECH AS: årsregnskap 2005 vs 2004
Shrank 19% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADITECH AS. Revenue 4.16m NOK → 3.36m NOK (-19.2%). Equity 74.5k NOK → 87.8k NOK.
On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADITECH AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +323 NOK → +36.5k NOK (op. margin 0.0% → 1.1%). Calculated
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↑
Equity strengthened
Book equity 74.5k NOK → 87.8k NOK (equity ratio 5.5% → 11.7%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.97× → 1.05×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.16m NOK to 3.36m NOK (-19.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.05m NOK → 2.93m NOK (25% → 87% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.55m NOK → 1.85m NOK (-27.5% YoY). Calculated