FirmaIQ
Org.nr 958 901 925 2003 → 2004 Year-over-year analysis

A. HØVIK EIENDOM AS: årsregnskap 2004 vs 2003

Shrank 48% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for A. HØVIK EIENDOM AS. Revenue 6.30m NOK → 3.25m NOK (-48.4%). Net result +392.2k NOK → +340.4k NOK. Equity 10.42m NOK → 11.46m NOK.

On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.

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

At a glance

Scorecard

Revenue
6.30m NOK 3.25m NOK
-48.4%
Operating result
+1.43m NOK +2.40m NOK
+67.3%
Net result
+392.2k NOK +340.4k NOK
-13.2%
Equity
10.42m NOK 11.46m NOK
+10.0%
Cash
3 601 NOK 7.96m NOK
+221000.7%
Total assets
42.11m NOK 43.30m NOK
+2.8%

What improved

  • ↑

    Operating result improved

    Operating result +1.43m NOK → +2.40m NOK (op. margin 22.8% → 73.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 10.42m NOK → 11.46m NOK (equity ratio 24.7% → 26.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 3 601 NOK → 7.96m NOK (+221000.7% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.30m NOK to 3.25m NOK (-48.4% YoY). Calculated

  • ↓

    Net result weakened

    Net result +392.2k NOK → +340.4k NOK (net margin 6.2% → 10.5%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 89 NOK → 8 714 NOK (0% → 0% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.20m NOK → 0 NOK (-100.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.10m NOK → 4 566 NOK. Reported fact