ABC TOOLS AS: årsregnskap 2004 vs 2003
Shrank 21% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABC TOOLS AS. Revenue 3.58m NOK → 2.83m NOK (-20.9%). Net result +217.7k NOK → +129.8k NOK. Equity 309.7k NOK → 179.9k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ABC TOOLS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.58m NOK to 2.83m NOK (-20.9% YoY). Calculated
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↓
Operating result weakened
Operating result +357.2k NOK → +111.7k NOK (op. margin 10.0% → 3.9%). Calculated
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↓
Net result weakened
Net result +217.7k NOK → +129.8k NOK (net margin 6.1% → 4.6%). Calculated
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↓
Equity eroded
Book equity 309.7k NOK → 179.9k NOK (equity ratio 12.5% → 8.1%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 450.0k NOK → 150.0k NOK — check capital reduction, conversion, or reclassification. Interpretation