ACUTULA AS: årsregnskap 2004 vs 2003
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACUTULA AS. Revenue 0 NOK → 11.2k NOK. Net result -14.9k NOK → -82.9k NOK. Equity 64.6k NOK → -18.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ACUTULA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 11.2k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -14.4k NOK → -82.4k NOK. Calculated
-
↓
Net result weakened
Net result -14.9k NOK → -82.9k NOK. Calculated
-
↓
Equity eroded
Book equity 64.6k NOK → -18.4k NOK (equity ratio 95.4% → -80.7%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 21.69× → 0.55× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -80.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 3 NOK → 65.4k NOK. Calculated