ADEPTO HOLDING AS: årsregnskap 2004 vs 2003
Grew 827% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADEPTO HOLDING AS. Revenue 233.9k NOK → 2.17m NOK (+827.4%). Net result +377.5k NOK → +275.7k NOK. Equity 42.0k NOK → 6.30m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADEPTO HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 233.9k NOK to 2.17m NOK (+827.4% YoY). Calculated
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Operating result improved
Operating result +426.9k NOK → +448.7k NOK (op. margin 182.5% → 20.7%). Calculated
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Equity strengthened
Book equity 42.0k NOK → 6.30m NOK (equity ratio 64.1% → 407.0%). Calculated
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Current ratio back above 1×
Current ratio 0.18× → 1.35×. Calculated
What deteriorated
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↓
Net result weakened
Net result +377.5k NOK → +275.7k NOK (net margin 161.4% → 12.7%). Calculated
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Cash fell
Bank deposits 357.9k NOK → 277.0k NOK (-22.6% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 300 NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 1.27m NOK → 1.03m NOK (-18.6% YoY). Calculated