ACTIVE PARTNER AS: årsregnskap 2004 vs 2003
Shrank 79% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACTIVE PARTNER AS. Revenue 409.9k NOK → 84.9k NOK (-79.3%). Net result -850.1k NOK → +202.8k NOK. Equity -765.1k NOK → -562.4k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACTIVE PARTNER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -500.3k NOK → +231.3k NOK (op. margin -122.1% → 272.3%). Calculated
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Turned profitable
Net result flipped from a loss of 850.1k NOK to a profit of 202.8k NOK. Calculated
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Equity strengthened
Book equity -765.1k NOK → -562.4k NOK (equity ratio -106.1% → -89.2%). Calculated
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Payroll decreased
Salary cost 176.2k NOK → -38.3k NOK (43% → -45% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 409.9k NOK to 84.9k NOK (-79.3% YoY). Calculated
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COGS moved
COGS / varekostnad 135.0k NOK → 644.4k NOK (+377.3% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 250.0k NOK → 157.1k NOK. Reported fact