ABC STUDIO AS: årsregnskap 2004 vs 2003
Shrank 37% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABC STUDIO AS. Revenue 195.5k NOK → 124.0k NOK (-36.6%). Net result +31.2k NOK → -24.3k NOK. Equity 52.6k NOK → 28.3k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC STUDIO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 19.9k NOK → 30.3k NOK (+52.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 195.5k NOK to 124.0k NOK (-36.6% YoY). Calculated
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↓
Operating result weakened
Operating result +46.1k NOK → -12.7k NOK (op. margin 23.6% → -10.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 31.2k NOK profit to a loss of 24.3k NOK. Calculated
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↓
Equity eroded
Book equity 52.6k NOK → 28.3k NOK (equity ratio 22.1% → 20.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 42.6k NOK → 24.3k NOK (-42.9% YoY). Calculated