A & B ANDREASSEN MASKIN AS: årsregnskap 2004 vs 2003
Grew 18% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A & B ANDREASSEN MASKIN AS. Revenue 3.93m NOK → 4.65m NOK (+18.4%). Equity 196.4k NOK → -4 288 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for A & B ANDREASSEN MASKIN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.93m NOK to 4.65m NOK (+18.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +228.4k NOK → -165.5k NOK (op. margin 5.8% → -3.6%). Calculated
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↓
Equity eroded
Book equity 196.4k NOK → -4 288 NOK (equity ratio 29.9% → -0.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.08× → 0.70× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 69.0k NOK → 1.39m NOK (+1912.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 336.0k NOK → 252.0k NOK. Reported fact