ADIANTE AS: årsregnskap 2004 vs 2003
Grew 35% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADIANTE AS. Revenue 707.0k NOK → 954.8k NOK (+35.0%). Equity 233.4k NOK → 178.3k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADIANTE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 707.0k NOK to 954.8k NOK (+35.0% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 233.4k NOK → 178.3k NOK (equity ratio 9.0% → 10.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.33× → 0.29× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 0 NOK → 2.27m NOK (0% → 237% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 28.0k NOK → 493.6k NOK. Reported fact