ADD ARKITEKTER AS: årsregnskap 2004 vs 2003
Shrank 24% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADD ARKITEKTER AS. Revenue 20.23m NOK → 15.45m NOK (-23.6%). Equity 4.72m NOK → -786.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADD ARKITEKTER AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 13.51m NOK → 10.98m NOK (67% → 71% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 20.23m NOK to 15.45m NOK (-23.6% YoY). Calculated
-
↓
Operating result weakened
Operating result -2 747 NOK → -1.39m NOK (op. margin -0.0% → -9.0%). Calculated
-
↓
Equity eroded
Book equity 4.72m NOK → -786.7k NOK (equity ratio 65.9% → -19.8%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -19.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 3.28m NOK → 2.66m NOK (-19.1% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 0 NOK → 38.7k NOK. Reported fact