NEKKAR ASA: årsregnskap 2005 vs 2004
Shrank 100% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for NEKKAR ASA. Revenue 239.59bn NOK → 252.2k NOK (-100.0%). Net result +10.5k NOK → +26.9k NOK. Equity 256281223.67bn NOK → 369.9k NOK.
On the constructive side: net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for NEKKAR ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result +10.5k NOK → +26.9k NOK (net margin 0.0% → 10.7%). Calculated
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Owners injected capital
Paid-in equity rose 201.2k NOK → 294.8k NOK (+93.7k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 239.59bn NOK to 252.2k NOK (-100.0% YoY). Calculated
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Equity eroded
Book equity 256281223.67bn NOK → 369.9k NOK. Calculated
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Cash fell
Bank deposits 2.65m NOK → 13 NOK (-100.0% YoY). Calculated
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Payroll up without matching revenue
Salary cost 164.80bn NOK → 56208.86bn NOK (69% → 22284233085% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.65m NOK → 13 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 156.98bn NOK → 162.9k NOK (-100.0% YoY). Calculated