ACUSTO AS: årsregnskap 2004 vs 2003
Shrank 18% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACUSTO AS. Revenue 8.23m NOK → 6.75m NOK (-18.0%). Net result +216.7k NOK → +154.9k NOK. Equity 367.4k NOK → 405.4k NOK.
On the constructive side: equity strengthened. 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 ACUSTO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 367.4k NOK → 405.4k NOK (equity ratio 10.0% → 10.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.23m NOK to 6.75m NOK (-18.0% YoY). Calculated
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↓
Operating result weakened
Operating result +313.1k NOK → +309.8k NOK (op. margin 3.8% → 4.6%). Calculated
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↓
Net result weakened
Net result +216.7k NOK → +154.9k NOK (net margin 2.6% → 2.3%). Calculated
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↓
Cash fell
Bank deposits 558.7k NOK → 362.1k NOK (-35.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.80× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.03m NOK → 2.67m NOK (-33.8% YoY). Calculated