A ULVESETH AS: årsregnskap 2004 vs 2003
Shrank 95% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A ULVESETH AS. Revenue 52.47m NOK → 2.60m NOK (-95.0%). Equity 3.58m NOK → 5.43m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for A ULVESETH AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 3.58m NOK → 5.43m NOK (equity ratio 23.4% → 51.6%). Calculated
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↑
Payroll decreased
Salary cost 5.54m NOK → 5.27m NOK (11% → 203% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 52.47m NOK to 2.60m NOK (-95.0% YoY). Calculated
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↓
Operating result weakened
Operating result +1.96m NOK → +765.4k NOK (op. margin 3.7% → 29.4%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 116.0k NOK → 616 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 41.29m NOK → -487.4k NOK (-101.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 57.6k NOK → 59.0k NOK. Reported fact