ACCESS! AS: årsregnskap 2004 vs 2003
Shrank 84% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACCESS! AS. Revenue 844.2k NOK → 134.3k NOK (-84.1%). Net result +290.1k NOK → +352.2k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCESS! AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +372.6k NOK → +375.8k NOK (op. margin 44.1% → 279.8%). Calculated
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↑
Net result improved
Net result +290.1k NOK → +352.2k NOK (net margin 34.4% → 262.3%). Calculated
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Current ratio back above 1×
Current ratio 0.57× → 1.02×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 844.2k NOK to 134.3k NOK (-84.1% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 0 NOK → 286.0k NOK (None YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 492.1k NOK → 116.6k NOK. Reported fact