AKADEMIET DRAMMEN AS: årsregnskap 2005 vs 2004
Slipped into loss
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AKADEMIET DRAMMEN AS. Revenue 4.60m NOK → 4.57m NOK (-0.7%). Net result +83.2k NOK → -118.6k NOK. Equity 217.4k NOK → 98.8k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKADEMIET DRAMMEN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.60m NOK to 4.57m NOK (-0.7% YoY). Calculated
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Operating result weakened
Operating result +118.4k NOK → -145.8k NOK (op. margin 2.6% → -3.2%). Calculated
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Fell into a net loss
Net result flipped from 83.2k NOK profit to a loss of 118.6k NOK. Calculated
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↓
Equity eroded
Book equity 217.4k NOK → 98.8k NOK (equity ratio 8.8% → 4.9%). Calculated
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Current ratio dropped below 1×
Current ratio 1.10× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 4.46m NOK → 2.85m NOK (-36.1% YoY). Calculated