ADAM & EVA FRISØR AS: årsregnskap 2004 vs 2003
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADAM & EVA FRISØR AS. Revenue 2.26m NOK → 2.34m NOK (+3.5%). Net result +69.8k NOK → +154.8k NOK. Equity 111.2k NOK → 110.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADAM & EVA FRISØR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.26m NOK to 2.34m NOK (+3.5% YoY). Calculated
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↑
Operating result improved
Operating result +109.2k NOK → +226.2k NOK (op. margin 4.8% → 9.7%). Calculated
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↑
Net result improved
Net result +69.8k NOK → +154.8k NOK (net margin 3.1% → 6.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 111.2k NOK → 110.0k NOK (equity ratio 17.9% → 11.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.19× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost -1.49m NOK → 1.43m NOK (-66% → 61% of revenue). Calculated
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·
COGS moved
COGS / varekostnad -420.8k NOK → 393.3k NOK (+193.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 5 000 NOK → 8 629 NOK. Reported fact