Org.nr 950 572 701 2003 → 2004 Year-over-year analysis

ABA ELEKTRO AS: årsregnskap 2004 vs 2003

Shrank 57% on revenue

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ABA ELEKTRO AS. Revenue 8.93m NOK → 3.81m NOK (-57.3%). Equity 1 941 NOK → -2.60m NOK.

Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABA ELEKTRO AS.

At a glance

Revenue

8.93m NOK 3.81m NOK

-57.3%

Operating result

+334.0k NOK n/m

—

Net result

+91.9k NOK n/m

—

Equity

1 941 NOK -2.60m NOK

-134088.4%

Cash

7.12m NOK n/m

—

Total assets

3.12m NOK 2.27m NOK

-27.3%

↓
Revenue fell

Operating income / revenue moved from 8.93m NOK to 3.81m NOK (-57.3% YoY). Calculated
↓
Equity eroded

Book equity 1 941 NOK → -2.60m NOK (equity ratio 0.1% → -114.5%). Calculated
↓
Payroll up without matching revenue

Salary cost 2 NOK → 2.00m NOK (0% → 53% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -114.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 4.18m NOK → 1.75m NOK (-58.1% YoY). Calculated