Org.nr 979 515 715 2004 → 2005 Year-over-year analysis

ADVENT NORWAY AS: årsregnskap 2005 vs 2004

Shrank 23% on revenue

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for ADVENT NORWAY AS. Revenue 11.78m NOK → 9.12m NOK (-22.6%). Equity 4.37m NOK → 4.90m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVENT NORWAY AS.

At a glance

Revenue

11.78m NOK 9.12m NOK

-22.6%

Equity

4.37m NOK 4.90m NOK

+12.3%

Cash

2.48m NOK 1.43m NOK

-42.4%

Total assets

8.13m NOK n/m

—

↓
Revenue fell

Operating income / revenue moved from 11.78m NOK to 9.12m NOK (-22.6% YoY). Calculated
↓
Cash fell

Bank deposits 2.48m NOK → 1.43m NOK (-42.4% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost -5.51m NOK → -5.43m NOK (-47% → -60% of revenue). Calculated
↓
COGS moved

COGS / varekostnad -1.54m NOK → -377.9k NOK (+75.4% YoY). Calculated

·
Paid-in equity reduced

Paid-in equity fell 1.20m NOK → 200.3k NOK — check capital reduction, conversion, or reclassification. Interpretation