A.K. DRIFT AS: årsregnskap 2004 vs 2003
Grew 327793% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A.K. DRIFT AS. Revenue 2 955 NOK → 9.69m NOK (+327792.6%). Net result +37.7k NOK → +24.2k NOK. Equity 137.7k NOK → 161.9k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A.K. DRIFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 955 NOK to 9.69m NOK (+327792.6% YoY). Calculated
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↑
Equity strengthened
Book equity 137.7k NOK → 161.9k NOK (equity ratio 8816.4% → 7.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.93× → 1.02×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +118.6k NOK → +118.3k NOK (op. margin 4014.5% → 1.2%). Calculated
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↓
Net result weakened
Net result +37.7k NOK → +24.2k NOK (net margin 1276.2% → 0.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 36.6k NOK → 3.45m NOK (1240% → 36% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2 416 NOK → 8.24m NOK (+341011.5% YoY). Calculated