ADDENDA CONSULT AS: årsregnskap 2004 vs 2003
Shrank 100% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADDENDA CONSULT AS. Revenue 628.9k NOK → 1 048 NOK (-99.8%). Net result +34.7k NOK → +104.5k NOK. Equity 96.4k NOK → 200.8k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADDENDA CONSULT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +29.1k NOK → +115.8k NOK (op. margin 4.6% → 11050.2%). Calculated
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Net result improved
Net result +34.7k NOK → +104.5k NOK (net margin 5.5% → 9968.4%). Calculated
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Equity strengthened
Book equity 96.4k NOK → 200.8k NOK (equity ratio 10.9% → 35.7%). Calculated
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Cash rose
Bank deposits 103.8k NOK → 250.0k NOK (+140.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 628.9k NOK to 1 048 NOK (-99.8% YoY). Calculated
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Payroll up without matching revenue
Salary cost 2 003 NOK → 675.6k NOK (0% → 64468% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 1 911 NOK → 11.3k NOK. Reported fact