ADEA AS: årsregnskap 2004 vs 2003
Grew 413% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADEA AS. Revenue 181.3k NOK → 930.4k NOK (+413.2%). Equity 72.3k NOK → 170.5k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADEA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 181.3k NOK to 930.4k NOK (+413.2% YoY). Calculated
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Operating result improved
Operating result -86.7k NOK → +166.9k NOK (op. margin -47.8% → 17.9%). Calculated
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Equity strengthened
Book equity 72.3k NOK → 170.5k NOK (equity ratio 55.6% → 47.3%). Calculated
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Owners injected capital
Paid-in equity rose 190 NOK → 190.0k NOK (+189.8k NOK). Reported fact
Things to notice
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Payroll increased
Salary cost 4 131 NOK → 372.9k NOK (2% → 40% of revenue). Calculated
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COGS moved
COGS / varekostnad 5 227 NOK → 84.0k NOK (+1507.1% YoY). Calculated