ADVISTA AS: årsregnskap 2005 vs 2004
Grew 671% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADVISTA AS. Revenue 369.5k NOK → 2.85m NOK (+671.2%). Net result +1.18m NOK → +473.2k NOK. Equity 262.0k NOK → 347.2k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVISTA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 369.5k NOK to 2.85m NOK (+671.2% YoY). Calculated
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↑
Equity strengthened
Book equity 262.0k NOK → 347.2k NOK (equity ratio 10066.8% → 7.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.64m NOK → +685.9k NOK (op. margin 444.2% → 24.1%). Calculated
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↓
Net result weakened
Net result +1.18m NOK → +473.2k NOK (net margin 319.9% → 16.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 712 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 369.5k NOK → 1.23m NOK (100% → 43% of revenue). Calculated