ADURNA AS: årsregnskap 2005 vs 2004
Shrank 51% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADURNA AS. Revenue 527.4k NOK → 256.4k NOK (-51.4%). Equity 364.1k NOK → 844.1k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; operating result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADURNA AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 364.1k NOK → 844.1k NOK (equity ratio 10.0% → 6.9%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.54× → 40.34×. Calculated
-
↑
Owners injected capital
Paid-in equity rose 350 NOK → 21.4k NOK (+21.1k NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 527.4k NOK to 256.4k NOK (-51.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +27.9k NOK → -237.0k NOK (op. margin 5.3% → -92.4%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 1 635 NOK → 4.89m NOK. Reported fact