A/S Danvikgaten 20: årsregnskap 2004 vs 2003
Shrank 73% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A/S Danvikgaten 20. Revenue 1.15m NOK → 304.4k NOK (-73.5%). Net result -735.8k NOK → -1.04m NOK. Equity 501.5k NOK → -535.3k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
1.15m NOK
304.4k NOK
-73.5%
Operating result
-421.7k NOK
-691.2k NOK
-63.9%
Net result
-735.8k NOK
-1.04m NOK
-40.9%
Equity
501.5k NOK
-535.3k NOK
-206.7%
Total assets
7.01m NOK
n/m
—
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.15m NOK to 304.4k NOK (-73.5% YoY). Calculated
-
↓
Operating result weakened
Operating result -421.7k NOK → -691.2k NOK (op. margin -36.7% → -227.1%). Calculated
-
↓
Net result weakened
Net result -735.8k NOK → -1.04m NOK (net margin -64.1% → -340.6%). Calculated
-
↓
Equity eroded
Book equity 501.5k NOK → -535.3k NOK. Calculated
-
↓
Payroll up without matching revenue
Salary cost 5.36m NOK → 5.41m NOK (467% → 1778% of revenue). Calculated