A-VARER AS: årsregnskap 2004 vs 2003
Shrank 23% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A-VARER AS. Revenue 1.44m NOK → 1.11m NOK (-22.9%). Equity 195.3k NOK → 104.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
1.44m NOK
1.11m NOK
-22.9%
Operating result
+167.5k NOK
-110.6k NOK
-166.0%
Equity
195.3k NOK
104.0k NOK
-46.7%
Total assets
1.00m NOK
919.6k NOK
-8.1%
What improved
-
↑
Payroll decreased
Salary cost 334.7k NOK → 317.4k NOK (23% → 29% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.44m NOK to 1.11m NOK (-22.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +167.5k NOK → -110.6k NOK (op. margin 11.7% → -10.0%). Calculated
-
↓
Equity eroded
Book equity 195.3k NOK → 104.0k NOK (equity ratio 19.5% → 11.3%). Calculated
-
↓
COGS moved
COGS / varekostnad 724.3k NOK → 747.7k NOK (+3.2% YoY). Calculated