A-MEDIA AS: årsregnskap 2004 vs 2003
Grew 25% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A-MEDIA AS. Revenue 4.48m NOK → 5.62m NOK (+25.4%). Equity 120.5k NOK → 93.0k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A-MEDIA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.48m NOK to 5.62m NOK (+25.4% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 578.0k NOK → 578.01m NOK (+577.43m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +72.3k NOK → +28.7k NOK (op. margin 1.6% → 0.5%). Calculated
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↓
Equity eroded
Book equity 120.5k NOK → 93.0k NOK (equity ratio 8.7% → 4.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2.63m NOK → 3.46m NOK (59% → 62% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3 500 NOK → 55.6k NOK (+1488.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 41.9k NOK → 378.8k NOK. Reported fact