A/S Longvafisk: årsregnskap 2004 vs 2003
Shrank 17% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A/S Longvafisk. Revenue 15.69m NOK → 13.10m NOK (-16.5%). Equity 1.11m NOK → -391.1k NOK.
Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S Longvafisk.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 15.69m NOK to 13.10m NOK (-16.5% YoY). Calculated
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↓
Equity eroded
Book equity 1.11m NOK → -391.1k NOK (equity ratio 36.0% → -11.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.54× → 0.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 1.22m NOK → 1.46m NOK (8% → 11% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -11.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 10.68m NOK → 10.64m NOK (-0.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 60.0k NOK → 35.6k NOK. Reported fact