4H-VEST AS: årsregnskap 2004 vs 2003
Shrank 100% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for 4H-VEST AS. Revenue 486.1k NOK → 125 NOK (-100.0%). Net result +610.8k NOK → +714.9k NOK. Equity 2.46m NOK → 526.5k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 4H-VEST AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +222.1k NOK → +343.9k NOK (op. margin 45.7% → 275154.4%). Calculated
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Net result improved
Net result +610.8k NOK → +714.9k NOK (net margin 125.6% → 571932.8%). Calculated
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Payroll decreased
Salary cost 9 844 NOK → 0 NOK (2% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 486.1k NOK to 125 NOK (-100.0% YoY). Calculated
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↓
Equity eroded
Book equity 2.46m NOK → 526.5k NOK (equity ratio 54.9% → 10.1%). Calculated
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COGS moved
COGS / varekostnad 2 790 NOK → 38.7k NOK (+1286.8% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 170.0k NOK → 694 NOK. Reported fact