Org.nr 861 213 102 2003 → 2004 Year-over-year analysis

ADEK AS: årsregnskap 2004 vs 2003

Shrank 40% on revenue

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ADEK AS. Revenue 5.21m NOK → 3.11m NOK (-40.3%). Equity 207.3k NOK → 16.8k NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADEK AS.

At a glance

Revenue

5.21m NOK 3.11m NOK

-40.3%

Operating result

+171.4k NOK +254.7k NOK

+48.6%

Net result

n/m -190.5k NOK

—

Equity

207.3k NOK 16.8k NOK

-91.9%

Total assets

n/m 1.30m NOK

—

↑
Operating result improved

Operating result +171.4k NOK → +254.7k NOK (op. margin 3.3% → 8.2%). Calculated

↓
Revenue fell

Operating income / revenue moved from 5.21m NOK to 3.11m NOK (-40.3% YoY). Calculated
↓
Equity eroded

Book equity 207.3k NOK → 16.8k NOK. Calculated

·
Thin equity buffer

Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 2.71m NOK → 1.13m NOK (-58.1% YoY). Calculated