ACTIVE DEAL INTERNATIONAL AS: årsregnskap 2004 vs 2003
Grew 30% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACTIVE DEAL INTERNATIONAL AS. Revenue 30.8k NOK → 40.0k NOK (+29.9%). Net result +27.7k NOK → +36.9k NOK. Equity 42.9k NOK → 5 974 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIVE DEAL INTERNATIONAL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 30.8k NOK to 40.0k NOK (+29.9% YoY). Calculated
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↑
Operating result improved
Operating result +27.6k NOK → +36.9k NOK (op. margin 89.7% → 92.2%). Calculated
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↑
Net result improved
Net result +27.7k NOK → +36.9k NOK (net margin 89.8% → 92.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 45.12×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 42.9k NOK → 5 974 NOK (equity ratio 15203.5% → 2.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation