Org.nr 911 463 830 2003 → 2004 Year-over-year analysis

ABILITY FM AS: årsregnskap 2004 vs 2003

Shrank 23% on revenue

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ABILITY FM AS. Revenue 18.03m NOK → 13.95m NOK (-22.6%). Equity 1.88m NOK → 538.2k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABILITY FM AS.

At a glance

Revenue

18.03m NOK 13.95m NOK

-22.6%

Operating result

+1.72m NOK +1.24m NOK

-27.9%

Net result

n/m +806.2k NOK

—

Equity

1.88m NOK 538.2k NOK

-71.4%

Cash

n/m 1.70m NOK

—

Total assets

10.58m NOK 5.31m NOK

-49.8%

↑
Payroll decreased

Salary cost 12.32m NOK → 9.81m NOK (68% → 70% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 18.03m NOK to 13.95m NOK (-22.6% YoY). Calculated
↓
Operating result weakened

Operating result +1.72m NOK → +1.24m NOK (op. margin 9.5% → 8.9%). Calculated
↓
Equity eroded

Book equity 1.88m NOK → 538.2k NOK (equity ratio 17.8% → 10.1%). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.07× → 0.36× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated