A TITLESTAD AS: årsregnskap 2004 vs 2003
Shrank 8% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A TITLESTAD AS. Revenue 3.49m NOK → 3.22m NOK (-7.9%). Net result +165.0k NOK → +140.6k NOK. Equity 113.0k NOK → 100.6k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Current ratio back above 1×
Current ratio 0.76× → 9.08×. Calculated
-
↑
Payroll decreased
Salary cost 1.45m NOK → 1.41m NOK (41% → 44% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.49m NOK to 3.22m NOK (-7.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +232.2k NOK → +196.1k NOK (op. margin 6.6% → 6.1%). Calculated
-
↓
Net result weakened
Net result +165.0k NOK → +140.6k NOK (net margin 4.7% → 4.4%). Calculated
-
↓
Equity eroded
Book equity 113.0k NOK → 100.6k NOK (equity ratio 13.7% → 10.8%). Calculated
-
↓
COGS moved
COGS / varekostnad 278.8k NOK → 1.15m NOK (+311.0% YoY). Calculated