Org.nr 932 825 260 2003 → 2004 Year-over-year analysis

A/S LOCO: årsregnskap 2004 vs 2003

Weaker earnings, cash halved-plus

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for A/S LOCO. Revenue 0 NOK → 0 NOK (0.0%). Net result +40.41m NOK → +3.87m NOK. Equity 25.09m NOK → 14.98m NOK.

On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A/S LOCO.

At a glance

Revenue

0 NOK 0 NOK

0.0%

Operating result

-858.0k NOK -587.5k NOK

+31.5%

Net result

+40.41m NOK +3.87m NOK

-90.4%

Equity

25.09m NOK 14.98m NOK

-40.3%

Cash

36.83m NOK 260.3k NOK

-99.3%

Total assets

181.88m NOK 148.19m NOK

-18.5%

↑
Operating result improved

Operating result -858.0k NOK → -587.5k NOK. Calculated

↓
Net result weakened

Net result +40.41m NOK → +3.87m NOK. Calculated
↓
Equity eroded

Book equity 25.09m NOK → 14.98m NOK (equity ratio 13.8% → 10.1%). Calculated
↓
Cash fell

Bank deposits 36.83m NOK → 260.3k NOK (-99.3% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (36.83m NOK → 260.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 6.28m NOK → 36.95m NOK. Reported fact