ACON DIGITAL AS: årsregnskap 2004 vs 2003
Shrank 75% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACON DIGITAL AS. Revenue 1.09m NOK → 272.6k NOK (-75.1%). Net result +165.0k NOK → +38.8k NOK. Equity 565.8k NOK → 141.0k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 590.8k NOK → 636.1k NOK (+7.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.09m NOK to 272.6k NOK (-75.1% YoY). Calculated
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↓
Operating result weakened
Operating result +296.6k NOK → +67.4k NOK (op. margin 27.1% → 24.7%). Calculated
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↓
Net result weakened
Net result +165.0k NOK → +38.8k NOK (net margin 15.1% → 14.2%). Calculated
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↓
Equity eroded
Book equity 565.8k NOK → 141.0k NOK (equity ratio 36.8% → 10.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.35× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated