FirmaIQ
Org.nr 984 259 360 2003 → 2004 Year-over-year analysis

ABC ELEKTRO TEAM AS: årsregnskap 2004 vs 2003

Grew 47% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ABC ELEKTRO TEAM AS. Revenue 2.91m NOK → 4.26m NOK (+46.6%). Net result +474.9k NOK → +5 466 NOK. Equity 295.4k NOK → 5 171 NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
2.91m NOK 4.26m NOK
+46.6%
Operating result
+386.04m NOK +525.0k NOK
-99.9%
Net result
+474.9k NOK +5 466 NOK
-98.8%
Equity
295.4k NOK 5 171 NOK
-98.2%
Cash
14.7k NOK 15.0k NOK
+2.3%
Total assets
1.02m NOK 1.67m NOK
+63.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.91m NOK to 4.26m NOK (+46.6% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +386.04m NOK → +525.0k NOK (op. margin 13271.4% → 12.3%). Calculated

  • ↓

    Net result weakened

    Net result +474.9k NOK → +5 466 NOK (net margin 16.3% → 0.1%). Calculated

  • ↓

    Equity eroded

    Book equity 295.4k NOK → 5 171 NOK (equity ratio 29.0% → 0.3%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.98× → 0.39× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 1.05m NOK → 1.80m NOK (+71.4% YoY). Calculated