ADVACO AS: årsregnskap 2005 vs 2004
Shrank 100% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADVACO AS. Revenue 1.40m NOK → 0 NOK (-100.0%). Net result +82.3k NOK → +43.6k NOK. Equity 151.0k NOK → 194.6k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVACO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 151.0k NOK → 194.6k NOK (equity ratio 13.8% → 47.7%). Calculated
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↑
Payroll decreased
Salary cost 57.2k NOK → 0 NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.40m NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +129.5k NOK → +45.8k NOK. Calculated
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↓
Net result weakened
Net result +82.3k NOK → +43.6k NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.16× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 160.2k NOK → 83.4k NOK (-48.0% YoY). Calculated