Org.nr 843 812 392 2003 → 2004 Year-over-year analysis

ABRAHAMSEN EIENDOM AS: årsregnskap 2004 vs 2003

Shrank 11% on revenue

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ABRAHAMSEN EIENDOM AS. Revenue 4.40m NOK → 3.91m NOK (-11.3%). Equity 252.0k NOK → 71.8k NOK.

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

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABRAHAMSEN EIENDOM AS.

At a glance

Revenue

4.40m NOK 3.91m NOK

-11.3%

Operating result

-329.1k NOK -229.2k NOK

+30.4%

Equity

252.0k NOK 71.8k NOK

-71.5%

Cash

705.8k NOK 617.1k NOK

-12.6%

Total assets

n/m 2.37m NOK

—

↑
Operating result improved

Operating result -329.1k NOK → -229.2k NOK (op. margin -7.5% → -5.9%). Calculated
↑
Payroll decreased

Salary cost 2.65m NOK → 2.44m NOK (60% → 62% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.40m NOK to 3.91m NOK (-11.3% YoY). Calculated
↓
Equity eroded

Book equity 252.0k NOK → 71.8k NOK. Calculated
↓
Cash fell

Bank deposits 705.8k NOK → 617.1k NOK (-12.6% YoY). Calculated

·
Thin equity buffer

Equity ratio is 3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 2.89m NOK → 905.6k NOK (-68.7% YoY). Calculated