AKERSHUS AUTO BILVERKSTED AS: årsregnskap 2005 vs 2004
Shrank 20% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AKERSHUS AUTO BILVERKSTED AS. Revenue 2.68m NOK → 2.15m NOK (-19.6%). Equity 324.6k NOK → -6 887 NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKERSHUS AUTO BILVERKSTED AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.89× → 1.67×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.68m NOK to 2.15m NOK (-19.6% YoY). Calculated
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↓
Operating result weakened
Operating result +210.3k NOK → -219.2k NOK (op. margin 7.9% → -10.2%). Calculated
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↓
Equity eroded
Book equity 324.6k NOK → -6 887 NOK (equity ratio 16.7% → -0.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.94m NOK → 1.41m NOK (-27.4% YoY). Calculated