ADM AS: årsregnskap 2005 vs 2004
Shrank 29% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADM AS. Revenue 821.6k NOK → 579.4k NOK (-29.5%). Equity 207.9k NOK → 213.0k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
821.6k NOK
579.4k NOK
-29.5%
Operating result
+427.6k NOK
+17.9k NOK
-95.8%
Net result
+98.8k NOK
n/m
—
Equity
207.9k NOK
213.0k NOK
+2.5%
Total assets
460.0k NOK
87.3k NOK
-81.0%
What improved
-
↑
Equity strengthened
Book equity 207.9k NOK → 213.0k NOK (equity ratio 45.2% → 243.9%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 821.6k NOK to 579.4k NOK (-29.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +427.6k NOK → +17.9k NOK (op. margin 52.0% → 3.1%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 66.5k NOK → 1.25m NOK (8% → 215% of revenue). Calculated