FirmaIQ
Org.nr 985 907 307 2003 → 2004 Year-over-year analysis

2K TECH AS: årsregnskap 2004 vs 2003

Grew 400% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for 2K TECH AS. Revenue 194.95m NOK → 974.95m NOK (+400.1%). Equity 114.12m NOK → -114.24m NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2K TECH AS.

At a glance

Scorecard

Revenue
194.95m NOK 974.95m NOK
+400.1%
Operating result
-55.93m NOK -211.30m NOK
-277.8%
Equity
114.12m NOK -114.24m NOK
-200.1%
Total assets
250.90m NOK 457.17m NOK
+82.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 194.95m NOK to 974.95m NOK (+400.1% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.11bn NOK → 799.09m NOK (1598% → 82% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -55.93m NOK → -211.30m NOK (op. margin -28.7% → -21.7%). Calculated

  • ↓

    Equity eroded

    Book equity 114.12m NOK → -114.24m NOK (equity ratio 45.5% → -25.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -25.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation