AJBAS AS: årsregnskap 2005 vs 2004
Grew 13% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AJBAS AS. Revenue 2.58m NOK → 2.92m NOK (+13.4%). Net result +33.5k NOK → -108.7k NOK. Equity 464.1k NOK → 52.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AJBAS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.58m NOK to 2.92m NOK (+13.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +41.3k NOK → -98.8k NOK (op. margin 1.6% → -3.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 33.5k NOK profit to a loss of 108.7k NOK. Calculated
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↓
Equity eroded
Book equity 464.1k NOK → 52.4k NOK (equity ratio 31.2% → 3.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 455.0k NOK → 155.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 586.5k NOK → 679.4k NOK (23% → 23% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.49m NOK → 1.87m NOK (+25.4% YoY). Calculated