ACO NORWAY AS: årsregnskap 2004 vs 2003
Grew 22% on revenue, returned to profit, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACO NORWAY AS. Revenue 41.47m NOK → 50.51m NOK (+21.8%). Net result -6.29m NOK → +462.8k NOK. Equity 80.2k NOK → 9.88m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACO NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 41.47m NOK to 50.51m NOK (+21.8% YoY). Calculated
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Operating result improved
Operating result -2.04m NOK → +3.53m NOK (op. margin -4.9% → 7.0%). Calculated
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Turned profitable
Net result flipped from a loss of 6.29m NOK to a profit of 462.8k NOK. Calculated
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Equity strengthened
Book equity 80.2k NOK → 9.88m NOK (equity ratio 0.1% → 17.9%). Calculated
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Owners injected capital
Paid-in equity rose 16.0k NOK → 16.00m NOK (+15.98m NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 3.24m NOK → 2.15m NOK (-33.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.07× → 0.78× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 22.96m NOK → 21.83m NOK (-4.9% YoY). Calculated