ADELIN AS: årsregnskap 2004 vs 2003
Shrank 15% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADELIN AS. Revenue 16.34m NOK → 13.94m NOK (-14.7%). Net result -181.4k NOK → -636.4k NOK. Equity 1.40m NOK → 9.76m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADELIN AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 1.40m NOK → 9.76m NOK. Calculated
-
↑
Payroll decreased
Salary cost 5.15m NOK → 4.58m NOK (32% → 33% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 16.34m NOK to 13.94m NOK (-14.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +401.8k NOK → -268.2k NOK (op. margin 2.5% → -1.9%). Calculated
-
↓
Net result weakened
Net result -181.4k NOK → -636.4k NOK (net margin -1.1% → -4.6%). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 8.79m NOK → 7.79m NOK (-11.3% YoY). Calculated