FirmaIQ
Org.nr 942 988 419 2003 → 2004 Year-over-year analysis

ABICON AS: årsregnskap 2004 vs 2003

Stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ABICON AS. Revenue 664.5k NOK → 654.7k NOK (-1.5%). Net result +36.8k NOK → +267.2k NOK. Equity 895.9k NOK → 163.1k NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cogs moved.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABICON AS.

At a glance

Scorecard

Revenue
664.5k NOK 654.7k NOK
-1.5%
Operating result
+177.2k NOK +412.6k NOK
+132.8%
Net result
+36.8k NOK +267.2k NOK
+626.1%
Equity
895.9k NOK 163.1k NOK
-81.8%
Total assets
5.97m NOK 5.29m NOK
-11.4%

What improved

  • ↑

    Operating result improved

    Operating result +177.2k NOK → +412.6k NOK (op. margin 26.7% → 63.0%). Calculated

  • ↑

    Net result improved

    Net result +36.8k NOK → +267.2k NOK (net margin 5.5% → 40.8%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 664.5k NOK to 654.7k NOK (-1.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 895.9k NOK → 163.1k NOK (equity ratio 15.0% → 3.1%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 229 NOK → 7 980 NOK (+3384.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation