ABEL CONSULT AS: årsregnskap 2004 vs 2003
Shrank 72% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABEL CONSULT AS. Revenue 206.3k NOK → 57.4k NOK (-72.2%). Net result -40.6k NOK → -208.3k NOK. Equity 321.2k NOK → 113.0k NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
206.3k NOK
57.4k NOK
-72.2%
Operating result
-40.2k NOK
n/m
—
Net result
-40.6k NOK
-208.3k NOK
-412.8%
Equity
321.2k NOK
113.0k NOK
-64.8%
Total assets
617.4k NOK
562.8k NOK
-8.8%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 206.3k NOK to 57.4k NOK (-72.2% YoY). Calculated
-
↓
Net result weakened
Net result -40.6k NOK → -208.3k NOK (net margin -19.7% → -362.9%). Calculated
-
↓
Equity eroded
Book equity 321.2k NOK → 113.0k NOK (equity ratio 52.0% → 20.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 6.84× → 0.29× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated