ADACON AS: årsregnskap 2004 vs 2003
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADACON AS. Revenue 1.49m NOK → 1.54m NOK (+3.1%). Net result +316.1k NOK → +312.7k NOK. Equity 151.0k NOK → 101.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADACON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.49m NOK to 1.54m NOK (+3.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +612.4k NOK → +471.6k NOK (op. margin 41.0% → 30.6%). Calculated
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↓
Equity eroded
Book equity 151.0k NOK → 101.7k NOK (equity ratio 13.1% → 10.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.09× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 160.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 3.69m NOK → 3.84m NOK (247% → 249% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 59.7k NOK → 0 NOK. Reported fact