Org.nr 848 629 642 2003 → 2004 Year-over-year analysis

ABSOR AS: årsregnskap 2004 vs 2003

Shrank 19% on revenue

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ABSOR AS. Revenue 1.37m NOK → 1.10m NOK (-19.5%). Equity 106.2k NOK → -383.6k NOK.

On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSOR AS.

At a glance

Revenue

1.37m NOK 1.10m NOK

-19.5%

Operating result

+186.2k NOK -434.7k NOK

-333.5%

Equity

106.2k NOK -383.6k NOK

-461.1%

Cash

9 844 NOK 5 469 NOK

-44.4%

Total assets

234.4k NOK 959.5k NOK

+309.2%

↑
Current ratio back above 1×

Current ratio 0.22× → 1.71×. Calculated
↑
Payroll decreased

Salary cost 3.26m NOK → 339.3k NOK (238% → 31% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 1.37m NOK to 1.10m NOK (-19.5% YoY). Calculated
↓
Operating result weakened

Operating result +186.2k NOK → -434.7k NOK (op. margin 13.6% → -39.4%). Calculated
↓
Equity eroded

Book equity 106.2k NOK → -383.6k NOK (equity ratio 45.3% → -40.0%). Calculated
↓
Cash fell

Bank deposits 9 844 NOK → 5 469 NOK (-44.4% YoY). Calculated
↓
COGS moved

COGS / varekostnad 409.4k NOK → 604.8k NOK (+47.7% YoY). Calculated

·
Thin equity buffer

Equity ratio is -40.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation