ACCOUNTNET INVEST AS: årsregnskap 2004 vs 2003
Shrank 98% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACCOUNTNET INVEST AS. Revenue 3.89m NOK → 90.1k NOK (-97.7%). Net result +243.1k NOK → +64.9k NOK. Equity 298.3k NOK → 363.2k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACCOUNTNET INVEST AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 298.3k NOK → 363.2k NOK (equity ratio 27.2% → 56.1%). Calculated
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↑
Cash rose
Bank deposits 127.3k NOK → 165.4k NOK (+30.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.89× → 3.21×. Calculated
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↑
Payroll decreased
Salary cost 2.65m NOK → 2 NOK (68% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.89m NOK to 90.1k NOK (-97.7% YoY). Calculated
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↓
Operating result weakened
Operating result +349.7k NOK → +97.2k NOK (op. margin 9.0% → 107.8%). Calculated
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↓
Net result weakened
Net result +243.1k NOK → +64.9k NOK (net margin 6.3% → 72.0%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 184.5k NOK → 184 NOK (-99.9% YoY). Calculated