ACK ARKITEKTER AS: årsregnskap 2004 vs 2003
Shrank 25% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACK ARKITEKTER AS. Revenue 3.47m NOK → 2.61m NOK (-24.9%). Net result +471.3k NOK → +3 082 NOK. Equity 172.2k NOK → 175.3k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 172.2k NOK → 175.3k NOK (equity ratio 10.0% → 13.2%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.47m NOK to 2.61m NOK (-24.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +653.4k NOK → +8 486 NOK (op. margin 18.8% → 0.3%). Calculated
-
↓
Net result weakened
Net result +471.3k NOK → +3 082 NOK (net margin 13.6% → 0.1%). Calculated
-
↓
Cash fell
Bank deposits 520.8k NOK → 247.1k NOK (-52.5% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 4 NOK → 1.50m NOK (0% → 58% of revenue). Calculated