ADMIN AS: årsregnskap 2005 vs 2004
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADMIN AS. Revenue 8.55m NOK → 8.32m NOK (-2.7%). Equity 509.1k NOK → 888.2k NOK.
On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMIN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +598.2k NOK → +1.07m NOK (op. margin 7.0% → 12.8%). Calculated
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↑
Equity strengthened
Book equity 509.1k NOK → 888.2k NOK (equity ratio 13.0% → 29.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.93× → 1.17×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.55m NOK to 8.32m NOK (-2.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.27m NOK → 1.36m NOK (15% → 16% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 4.56m NOK → 4.73m NOK (+3.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 156.7k NOK → 58.7k NOK. Reported fact