1-2-TRE AS: årsregnskap 2004 vs 2003
Grew 143% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for 1-2-TRE AS. Revenue 181.7k NOK → 441.9k NOK (+143.1%). Equity -35.4k NOK → -57.0k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 1-2-TRE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 181.7k NOK to 441.9k NOK (+143.1% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -35.4k NOK → -57.0k NOK (equity ratio -22.4% → -55.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -55.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 37.7k NOK → 2.12m NOK (21% → 479% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 135.6k NOK → 203.3k NOK (+49.8% YoY). Calculated