A. SPORT AS: årsregnskap 2004 vs 2003
Shrank 6% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A. SPORT AS. Revenue 89.6k NOK → 84.4k NOK (-5.9%). Net result -96.8k NOK → -9 310 NOK. Equity -60.1k NOK → -69.4k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -45.9k NOK → -9 310 NOK (op. margin -51.2% → -11.0%). Calculated
-
↑
Net result improved
Net result -96.8k NOK → -9 310 NOK (net margin -108.0% → -11.0%). Calculated
-
↑
Cash rose
Bank deposits 9 850 NOK → 26.4k NOK (+168.4% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 89.6k NOK to 84.4k NOK (-5.9% YoY). Calculated
-
↓
Equity eroded
Book equity -60.1k NOK → -69.4k NOK (equity ratio -323.0% → -262.5%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2 NOK → 5 527 NOK (0% → 7% of revenue). Calculated