A P BYGG AS: årsregnskap 2004 vs 2003
Shrank 13% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A P BYGG AS. Revenue 1.82m NOK → 1.58m NOK (-13.1%). Equity 316.1k NOK → 324.3k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A P BYGG AS.
At a glance
Scorecard
Revenue
1.82m NOK
1.58m NOK
-13.1%
Operating result
+555.3k NOK
+71.2k NOK
-87.2%
Equity
316.1k NOK
324.3k NOK
+2.6%
Total assets
3.13m NOK
5.86m NOK
+87.3%
What improved
-
↑
Equity strengthened
Book equity 316.1k NOK → 324.3k NOK (equity ratio 10.1% → 5.5%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.82m NOK to 1.58m NOK (-13.1% YoY). Calculated
-
↓
Operating result weakened
Operating result +555.3k NOK → +71.2k NOK (op. margin 30.5% → 4.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation