Org.nr 910 774 115 2003 → 2004 Year-over-year analysis

A BRANDTH AS: årsregnskap 2004 vs 2003

Shrank 8% on revenue

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for A BRANDTH AS. Revenue 16.81m NOK → 15.51m NOK (-7.7%). Equity 2.62m NOK → 2.83m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A BRANDTH AS.

At a glance

Revenue

16.81m NOK 15.51m NOK

-7.7%

Operating result

+677.8k NOK +513.2k NOK

-24.3%

Net result

+196.0k NOK n/m

—

Equity

2.62m NOK 2.83m NOK

+7.9%

Cash

293.7k NOK n/m

—

Total assets

14.12m NOK 10.10m NOK

-28.5%

↑
Equity strengthened

Book equity 2.62m NOK → 2.83m NOK (equity ratio 18.6% → 28.0%). Calculated
↑
Payroll decreased

Salary cost 2.74m NOK → 2.41m NOK (16% → 16% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 16.81m NOK to 15.51m NOK (-7.7% YoY). Calculated
↓
Operating result weakened

Operating result +677.8k NOK → +513.2k NOK (op. margin 4.0% → 3.3%). Calculated

·
COGS fell

COGS / varekostnad 11.17m NOK → 10.24m NOK (-8.3% YoY). Calculated
·
Book investments changed

Investment / intangible book value 100.1k NOK → 904.1k NOK. Reported fact