ADECCO NORGE AS: årsregnskap 2004 vs 2003
Shrank 74% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADECCO NORGE AS. Revenue 991.7k NOK → 259.2k NOK (-73.9%). Equity 254.4k NOK → 278.8k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
Revenue
991.7k NOK
259.2k NOK
-73.9%
Operating result
+4 517 NOK
+22.4k NOK
+395.0%
Equity
254.4k NOK
278.8k NOK
+9.6%
Total assets
613.4k NOK
730.2k NOK
+19.0%
What improved
-
↑
Operating result improved
Operating result +4 517 NOK → +22.4k NOK (op. margin 0.5% → 8.6%). Calculated
-
↑
Equity strengthened
Book equity 254.4k NOK → 278.8k NOK (equity ratio 41.5% → 38.2%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 991.7k NOK to 259.2k NOK (-73.9% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 891.4k NOK → 1.12m NOK (90% → 432% of revenue). Calculated