ABMELBY AS: årsregnskap 2004 vs 2003
Slipped into loss
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABMELBY AS. Revenue 3.49m NOK → 3.58m NOK (+2.5%). Net result +64.2k NOK → -374.5k NOK. Equity 225.5k NOK → -149.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABMELBY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.49m NOK to 3.58m NOK (+2.5% YoY). Calculated
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↑
Cash rose
Bank deposits 85.0k NOK → 88.9k NOK (+4.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +91.1k NOK → -504.4k NOK (op. margin 2.6% → -14.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 64.2k NOK profit to a loss of 374.5k NOK. Calculated
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↓
Equity eroded
Book equity 225.5k NOK → -149.0k NOK (equity ratio 43.3% → -16.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -16.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 407.6k NOK → 495.3k NOK (+21.5% YoY). Calculated