FirmaIQ
Org.nr 839 220 022 2003 → 2004 Year-over-year analysis

3XS FORVALTNING AS: årsregnskap 2004 vs 2003

Shrank 62% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for 3XS FORVALTNING AS. Revenue 172.1k NOK → 65.2k NOK (-62.1%). Net result +45.3k NOK → +78.6k NOK. Equity 107.4k NOK → 28.8k NOK.

On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3XS FORVALTNING AS.

At a glance

Scorecard

Revenue
172.1k NOK 65.2k NOK
-62.1%
Operating result
+31.0k NOK +1 378 NOK
-95.6%
Net result
+45.3k NOK +78.6k NOK
+73.6%
Equity
107.4k NOK 28.8k NOK
-73.2%
Cash
49.9k NOK 55.5k NOK
+11.1%
Total assets
381.5k NOK 294.3k NOK
-22.9%

What improved

  • ↑

    Net result improved

    Net result +45.3k NOK → +78.6k NOK (net margin 26.3% → 120.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 49.9k NOK → 55.5k NOK (+11.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 172.1k NOK to 65.2k NOK (-62.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +31.0k NOK → +1 378 NOK (op. margin 18.0% → 2.1%). Calculated

  • ↓

    Equity eroded

    Book equity 107.4k NOK → 28.8k NOK (equity ratio 28.1% → 9.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation