3 F MANAGEMENT AS: årsregnskap 2004 vs 2003
Shrank 5% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for 3 F MANAGEMENT AS. Revenue 130.6k NOK → 123.6k NOK (-5.4%). Equity 314.0k NOK → 345.0k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for 3 F MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -45.4k NOK → -44.1k NOK (op. margin -34.8% → -35.7%). Calculated
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↑
Equity strengthened
Book equity 314.0k NOK → 345.0k NOK (equity ratio 10.0% → 10.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 130.6k NOK to 123.6k NOK (-5.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.15× → 0.38× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 7.10m NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 98.5k NOK → 48.0k NOK. Reported fact