A-4 ARKITEKTENE AS: årsregnskap 2004 vs 2003
Another loss-making year
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A-4 ARKITEKTENE AS. Revenue 1.09m NOK → 1.14m NOK (+4.5%). Net result -140.5k NOK → -115.5k NOK. Equity 73.9k NOK → -41.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A-4 ARKITEKTENE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.09m NOK to 1.14m NOK (+4.5% YoY). Calculated
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↑
Operating result improved
Operating result -186.9k NOK → +49.1k NOK (op. margin -17.1% → 4.3%). Calculated
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↑
Net result improved
Net result -140.5k NOK → -115.5k NOK (net margin -12.8% → -10.1%). Calculated
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↑
Payroll decreased
Salary cost 3.00m NOK → 895.1k NOK (274% → 78% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 73.9k NOK → -41.6k NOK (equity ratio 15.8% → -12.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 3 000 NOK → 50.0k NOK (+1566.7% YoY). Calculated