AJA FORVALTNING AS: årsregnskap 2005 vs 2004
Shrank 52% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AJA FORVALTNING AS. Revenue 5.83m NOK → 2.82m NOK (-51.6%). Net result -67.1k NOK → -202.0k NOK. Equity 223.2k NOK → 621.2k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; 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 AJA FORVALTNING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 223.2k NOK → 621.2k NOK (equity ratio 11.8% → 38.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.92× → 1.84×. Calculated
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↑
Payroll decreased
Salary cost 3.36m NOK → 2.24m NOK (58% → 79% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.83m NOK to 2.82m NOK (-51.6% YoY). Calculated
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↓
Operating result weakened
Operating result -2 559 NOK → -162.5k NOK (op. margin -0.0% → -5.8%). Calculated
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↓
Net result weakened
Net result -67.1k NOK → -202.0k NOK (net margin -1.2% → -7.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.15m NOK → 902.1k NOK (-58.0% YoY). Calculated