FirmaIQ
Org.nr 981 528 778 2003 → 2004 Year-over-year analysis

ABSOLUTESKILLS AS: årsregnskap 2004 vs 2003

Shrank 18% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ABSOLUTESKILLS AS. Revenue 3.24m NOK → 2.65m NOK (-18.1%). Net result +740.9k NOK → +772.6k NOK. Equity 242.6k NOK → 220.2k NOK.

Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABSOLUTESKILLS AS.

At a glance

Scorecard

Revenue
3.24m NOK 2.65m NOK
-18.1%
Operating result
n/m +1.13m NOK
—
Net result
+740.9k NOK +772.6k NOK
+4.3%
Equity
242.6k NOK 220.2k NOK
-9.2%
Total assets
2.42m NOK 2.21m NOK
-8.4%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.24m NOK to 2.65m NOK (-18.1% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 242.6k NOK → 220.2k NOK (equity ratio 10.0% → 9.9%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1 432 NOK → 1.02m NOK (0% → 39% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1.04m NOK → 39.5k NOK. Reported fact