ACCOUNTRA SOFTWARE AS: årsregnskap 2004 vs 2003
Shrank 82% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACCOUNTRA SOFTWARE AS. Revenue 1.56m NOK → 283.5k NOK (-81.9%). Equity 100.1k NOK → 2 438 NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCOUNTRA SOFTWARE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +250.8k NOK → +312.0k NOK (op. margin 16.0% → 110.1%). Calculated
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↑
Payroll decreased
Salary cost 431.8k NOK → 8 298 NOK (28% → 3% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.56m NOK to 283.5k NOK (-81.9% YoY). Calculated
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↓
Equity eroded
Book equity 100.1k NOK → 2 438 NOK (equity ratio 34.5% → 0.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation