ABRA AS: årsregnskap 2004 vs 2003
Grew 8% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABRA AS. Revenue 1.39m NOK → 1.49m NOK (+7.7%). Net result +942.5k NOK → +64.6k NOK. Equity 1.43m NOK → 4.27m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ABRA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.39m NOK to 1.49m NOK (+7.7% YoY). Calculated
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↑
Equity strengthened
Book equity 1.43m NOK → 4.27m NOK (equity ratio 10.0% → 32.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +690.2k NOK → +4 481 NOK (op. margin 49.7% → 0.3%). Calculated
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↓
Net result weakened
Net result +942.5k NOK → +64.6k NOK (net margin 67.9% → 4.3%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 900.0k NOK → 900 NOK — check capital reduction, conversion, or reclassification. Interpretation