A. M. LIAAEN AS: årsregnskap 2004 vs 2003
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A. M. LIAAEN AS. Revenue 56.37m NOK → 55.26m NOK (-2.0%). Equity 51.63m NOK → 28.45m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. M. LIAAEN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 40.86m NOK → -28.08m NOK (72% → -51% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 56.37m NOK to 55.26m NOK (-2.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +202.8k NOK → -3.19m NOK (op. margin 0.4% → -5.8%). Calculated
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↓
Equity eroded
Book equity 51.63m NOK → 28.45m NOK (equity ratio 71.4% → 38.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 3.14× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.61m NOK → 341.0k NOK. Reported fact