ACTIVE INNOVATION AS: årsregnskap 2004 vs 2003
Shrank 63% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACTIVE INNOVATION AS. Revenue 460.4k NOK → 168.4k NOK (-63.4%). Net result +158.0k NOK → +91.9k NOK. Equity 261.9k NOK → 105.7k NOK.
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 ACTIVE INNOVATION AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 460.4k NOK to 168.4k NOK (-63.4% YoY). Calculated
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↓
Operating result weakened
Operating result +320.8k NOK → +82.2k NOK (op. margin 69.7% → 48.8%). Calculated
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↓
Net result weakened
Net result +158.0k NOK → +91.9k NOK (net margin 34.3% → 54.6%). Calculated
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↓
Equity eroded
Book equity 261.9k NOK → 105.7k NOK (equity ratio 49.0% → 19.7%). Calculated
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↓
Cash fell
Bank deposits 471.8k NOK → 294.6k NOK (-37.6% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 117.3k NOK → 82.8k NOK (-29.4% YoY). Calculated