A BJØRNSTAD AS: årsregnskap 2004 vs 2003
Returned to profit
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A BJØRNSTAD AS. Net result -54.2k NOK → +229.7k NOK. Equity 977.0k NOK → 976.0k NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A BJØRNSTAD AS.
At a glance
Scorecard
Revenue
651.6k NOK
n/m
—
Operating result
+694.8k NOK
+847.3k NOK
+21.9%
Net result
-54.2k NOK
+229.7k NOK
+523.8%
Equity
977.0k NOK
976.0k NOK
-0.1%
Total assets
9.44m NOK
9.93m NOK
+5.2%
What improved
-
↑
Operating result improved
Operating result +694.8k NOK → +847.3k NOK. Calculated
-
↑
Turned profitable
Net result flipped from a loss of 54.2k NOK to a profit of 229.7k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 977.0k NOK → 976.0k NOK (equity ratio 10.4% → 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