Org.nr 936 882 986 2003 → 2004 Year-over-year analysis

A/S TRÅIKA: årsregnskap 2004 vs 2003

Weaker earnings, cash halved-plus

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for A/S TRÅIKA. Net result +496.5k NOK → +1 350 NOK. Equity -2.43m NOK → -1.08m NOK.

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

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

At a glance

Operating result

+5.43m NOK +5.09m NOK

-6.2%

Net result

+496.5k NOK +1 350 NOK

-99.7%

Equity

-2.43m NOK -1.08m NOK

+55.6%

Cash

3.23m NOK 86.2k NOK

-97.3%

Total assets

86.33m NOK 56.91m NOK

-34.1%

↑
Equity strengthened

Book equity -2.43m NOK → -1.08m NOK (equity ratio -2.8% → -1.9%). Calculated

↓
Operating result weakened

Operating result +5.43m NOK → +5.09m NOK. Calculated
↓
Net result weakened

Net result +496.5k NOK → +1 350 NOK. Calculated
↓
Cash fell

Bank deposits 3.23m NOK → 86.2k NOK (-97.3% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.62× → 0.48× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (3.23m NOK → 86.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 180 NOK → -180.2k NOK. Reported fact