ADOLPH TIDEMANDSGT 20/22 AS: årsregnskap 2005 vs 2004
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADOLPH TIDEMANDSGT 20/22 AS. Revenue 2.59m NOK → 2.64m NOK (+2.2%). Net result +31.0k NOK → +49.9k NOK. Equity 946.2k NOK → 996.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADOLPH TIDEMANDSGT 20/22 AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.59m NOK to 2.64m NOK (+2.2% YoY). Calculated
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Operating result improved
Operating result +744.0k NOK → +1.90m NOK (op. margin 28.7% → 71.9%). Calculated
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Net result improved
Net result +31.0k NOK → +49.9k NOK (net margin 1.2% → 1.9%). Calculated
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Equity strengthened
Book equity 946.2k NOK → 996.1k NOK. Calculated
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Payroll decreased
Salary cost 61.7k NOK → 3 400 NOK (2% → 0% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 7.30m NOK → 300.0k NOK — check capital reduction, conversion, or reclassification. Interpretation