AIRSWIFT NORGE AS: årsregnskap 2005 vs 2004
Grew 120% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AIRSWIFT NORGE AS. Revenue 3.14m NOK → 6.89m NOK (+119.6%). Equity 150.0k NOK → 515.3k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRSWIFT NORGE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3.14m NOK to 6.89m NOK (+119.6% YoY). Calculated
-
↑
Equity strengthened
Book equity 150.0k NOK → 515.3k NOK (equity ratio 15.6% → 548.3%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 150 NOK → 150.0k NOK (+149.8k NOK). Reported fact
What deteriorated
-
↓
Current ratio dropped below 1×
Current ratio 82.59× → 0.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 31.9k NOK → 4.79m NOK (1% → 70% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 25.9k NOK → 1.05m NOK (+3978.4% YoY). Calculated