A-MERKING AS: årsregnskap 2004 vs 2003
Grew 153443% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A-MERKING AS. Revenue 1 010 NOK → 1.55m NOK (+153443.0%). Equity 171.7k NOK → -86.21bn NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A-MERKING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 010 NOK to 1.55m NOK (+153443.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +154.5k NOK → -244.7k NOK (op. margin 15301.0% → -15.8%). Calculated
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↓
Equity eroded
Book equity 171.7k NOK → -86.21bn NOK (equity ratio 33.9% → -20009231.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.29× → 0.56× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -20009231.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 258 NOK → 600.5k NOK (224% → 39% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 267.6k NOK → 614.4k NOK (+129.6% YoY). Calculated