ABEMA AS: årsregnskap 2004 vs 2003
Shrank 85% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABEMA AS. Revenue 658.1k NOK → 98.6k NOK (-85.0%). Net result +159.4k NOK → +52.2k NOK. Equity 78.6k NOK → 130.7k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 78.6k NOK → 130.7k NOK (equity ratio 10.8% → 87.2%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 658.1k NOK to 98.6k NOK (-85.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +155.2k NOK → +90.6k NOK (op. margin 23.6% → 91.9%). Calculated
-
↓
Net result weakened
Net result +159.4k NOK → +52.2k NOK (net margin 24.2% → 52.9%). Calculated
-
↓
Cash fell
Bank deposits 214.2k NOK → 62.2k NOK (-71.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.01× → 0.18× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated