FirmaIQ
Org.nr 983 569 285 2003 → 2004 Year-over-year analysis

2ENTERTAIN NORGE AS: årsregnskap 2004 vs 2003

Shrank 40% on revenue, fresh owner capital

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for 2ENTERTAIN NORGE AS. Revenue 41.43m NOK → 24.93m NOK (-39.8%). Equity 391.0k NOK → 392.1k NOK.

On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 2ENTERTAIN NORGE AS.

At a glance

Scorecard

Revenue
41.43m NOK 24.93m NOK
-39.8%
Operating result
-2.40m NOK n/m
—
Equity
391.0k NOK 392.1k NOK
+0.3%
Cash
1.66m NOK 1.62m NOK
-2.3%
Total assets
8.11m NOK 12.29m NOK
+51.6%

What improved

  • ↑

    Equity strengthened

    Book equity 391.0k NOK → 392.1k NOK (equity ratio 4.8% → 3.2%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 600 NOK → 9.20m NOK (+9.20m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 41.43m NOK to 24.93m NOK (-39.8% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 1.66m NOK → 1.62m NOK (-2.3% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2 003 NOK → 9.02m NOK (0% → 36% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 27.94m NOK → 18.73m NOK (-33.0% YoY). Calculated