ACHIEVES AS: årsregnskap 2004 vs 2003
Shrank 38% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACHIEVES AS. Revenue 496.2k NOK → 309.4k NOK (-37.7%). Net result +60.7k NOK → +19.8k NOK. Equity -331.2k NOK → 38.6k NOK.
On the constructive side: equity strengthened. 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 ACHIEVES AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -331.2k NOK → 38.6k NOK (equity ratio -428.6% → 1.1%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 496.2k NOK to 309.4k NOK (-37.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +46.6k NOK → 0 NOK (op. margin 9.4% → 0.0%). Calculated
-
↓
Net result weakened
Net result +60.7k NOK → +19.8k NOK (net margin 12.2% → 6.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 310.4k NOK → 139.8k NOK (-55.0% YoY). Calculated