AHLSELL NORGE AS: årsregnskap 2005 vs 2004
Grew 361% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AHLSELL NORGE AS. Revenue 857.59m NOK → 3.95bn NOK (+360.8%). Equity 10.13bn NOK → 522.55m NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for AHLSELL NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 857.59m NOK to 3.95bn NOK (+360.8% YoY). Calculated
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Owners injected capital
Paid-in equity rose 128.82m NOK → 311.43m NOK (+182.61m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 10.13bn NOK → 522.55m NOK (equity ratio 1685.8% → 21.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.22× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 5.13bn NOK → 5.50bn NOK (599% → 139% of revenue). Calculated
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COGS fell
COGS / varekostnad 4.62bn NOK → 2.92bn NOK (-36.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value -8 NOK → 387.3k NOK. Reported fact