Org.nr 976 813 332 2003 → 2004 Year-over-year analysis

24/7 EKSPRESS AS: årsregnskap 2004 vs 2003

Another loss-making year

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for 24/7 EKSPRESS AS. Revenue 3.41m NOK → 3.56m NOK (+4.5%). Equity 338.9k NOK → 97.2k NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for 24/7 EKSPRESS AS.

At a glance

Revenue

3.41m NOK 3.56m NOK

+4.5%

Operating result

-12.2k NOK -146.0k NOK

-1095.2%

Net result

n/m -149.5k NOK

—

Equity

338.9k NOK 97.2k NOK

-71.3%

Total assets

489.0k NOK 335.5k NOK

-31.4%

↑
Revenue rose

Operating income / revenue moved from 3.41m NOK to 3.56m NOK (+4.5% YoY). Calculated
↑
Payroll decreased

Salary cost 137.6k NOK → 28.3k NOK (4% → 1% of revenue). Calculated

↓
Operating result weakened

Operating result -12.2k NOK → -146.0k NOK (op. margin -0.4% → -4.1%). Calculated
↓
Equity eroded

Book equity 338.9k NOK → 97.2k NOK (equity ratio 69.3% → 29.0%). Calculated