A-VET SMÅDYRKLINIKK AS: årsregnskap 2004 vs 2003
Shrank 9% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A-VET SMÅDYRKLINIKK AS. Revenue 4.13m NOK → 3.74m NOK (-9.3%). Net result -277.3k NOK → +26.9k NOK. Equity -41.1k NOK → -14.1k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A-VET SMÅDYRKLINIKK AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -180.0k NOK → +53.7k NOK (op. margin -4.4% → 1.4%). Calculated
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Turned profitable
Net result flipped from a loss of 277.3k NOK to a profit of 26.9k NOK. Calculated
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Equity strengthened
Book equity -41.1k NOK → -14.1k NOK (equity ratio -3.2% → -1.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.13m NOK to 3.74m NOK (-9.3% YoY). Calculated
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Payroll up without matching revenue
Salary cost 505.9k NOK → 1.06m NOK (12% → 28% of revenue). Calculated
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COGS moved
COGS / varekostnad 58.4k NOK → 1.11m NOK (+1799.5% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 13.9k NOK → 7 490 NOK. Reported fact