FirmaIQ
Org.nr 912 566 080 2003 → 2004 Year-over-year analysis

A HEIMHOLT AS: årsregnskap 2004 vs 2003

Shrank 8% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for A HEIMHOLT AS. Revenue 6.85m NOK → 6.30m NOK (-8.1%). Net result +169.4k NOK → +16.7k NOK. Equity 113.0k NOK → 96.3k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A HEIMHOLT AS.

At a glance

Scorecard

Revenue
6.85m NOK 6.30m NOK
-8.1%
Operating result
+254.6k NOK +12.4k NOK
-95.1%
Net result
+169.4k NOK +16.7k NOK
-90.1%
Equity
113.0k NOK 96.3k NOK
-14.8%
Cash
569.1k NOK 633.8k NOK
+11.4%
Total assets
87.2k NOK 1.13m NOK
+1192.9%

What improved

  • ↑

    Cash rose

    Bank deposits 569.1k NOK → 633.8k NOK (+11.4% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.85m NOK to 6.30m NOK (-8.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +254.6k NOK → +12.4k NOK (op. margin 3.7% → 0.2%). Calculated

  • ↓

    Net result weakened

    Net result +169.4k NOK → +16.7k NOK (net margin 2.5% → 0.3%). Calculated

  • ↓

    Equity eroded

    Book equity 113.0k NOK → 96.3k NOK (equity ratio 129.6% → 8.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation