5895 INVEST AS: årsregnskap 2004 vs 2003
Grew 330% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for 5895 INVEST AS. Revenue 210.7k NOK → 905.9k NOK (+330.0%). Equity 168.9k NOK → 42.2k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 5895 INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 210.7k NOK to 905.9k NOK (+330.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 385.3k NOK → 272.8k NOK (183% → 30% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +24.8k NOK → -125.1k NOK (op. margin 11.8% → -13.8%). Calculated
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↓
Equity eroded
Book equity 168.9k NOK → 42.2k NOK (equity ratio 20.3% → 6.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 114.9k NOK → 39.5k NOK (-65.6% YoY). Calculated