ABAS AS: årsregnskap 2004 vs 2003
Grew 140% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABAS AS. Revenue 4.41m NOK → 10.60m NOK (+140.2%). Equity 1.02m NOK → 637.7k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABAS AS.
At a glance
Scorecard
Revenue
4.41m NOK
10.60m NOK
+140.2%
Operating result
+929.5k NOK
n/m
—
Net result
+696.0k NOK
n/m
—
Equity
1.02m NOK
637.7k NOK
-37.2%
Cash
825.5k NOK
1.13m NOK
+36.5%
Total assets
2.93m NOK
4.55m NOK
+55.1%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4.41m NOK to 10.60m NOK (+140.2% YoY). Calculated
-
↑
Cash rose
Bank deposits 825.5k NOK → 1.13m NOK (+36.5% YoY). Calculated
-
↑
Payroll decreased
Salary cost 734.2k NOK → 6 NOK (17% → 0% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 1.02m NOK → 637.7k NOK (equity ratio 34.6% → 14.0%). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 3.35m NOK → 9.17m NOK (+173.6% YoY). Calculated