FirmaIQ
Org.nr 983 847 412 2003 → 2004 Year-over-year analysis

ADCARE AS: årsregnskap 2004 vs 2003

Shrank 16% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ADCARE AS. Revenue 5.38m NOK → 4.52m NOK (-15.9%). Net result +430.3k NOK → +448.3k NOK. Equity 242 NOK → 260.3k NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cogs moved.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
5.38m NOK 4.52m NOK
-15.9%
Operating result
+3.69m NOK +692.2k NOK
-81.2%
Net result
+430.3k NOK +448.3k NOK
+4.2%
Equity
242 NOK 260.3k NOK
+107442.1%
Total assets
22.4k NOK 2.60m NOK
+11513.4%

What improved

  • ↑

    Equity strengthened

    Book equity 242 NOK → 260.3k NOK (equity ratio 1.1% → 10.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 954.5k NOK → 484.2k NOK (18% → 11% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.38m NOK to 4.52m NOK (-15.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.69m NOK → +692.2k NOK (op. margin 68.5% → 15.3%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 684.2k NOK → 2.40m NOK (+250.7% YoY). Calculated