Org.nr 980 293 696 2003 → 2004 Year-over-year analysis

ADIUVO AS: årsregnskap 2004 vs 2003

A steady year on the published lines

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ADIUVO AS. Revenue 1.91m NOK → 1.82m NOK (-4.7%). Equity 168.9k NOK → 178.4k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADIUVO AS.

At a glance

Revenue

1.91m NOK 1.82m NOK

-4.7%

Operating result

+498.4k NOK +274.3k NOK

-45.0%

Net result

n/m +194.6k NOK

—

Equity

168.9k NOK 178.4k NOK

+5.7%

Total assets

1.14m NOK 976.2k NOK

-14.6%

↑
Equity strengthened

Book equity 168.9k NOK → 178.4k NOK (equity ratio 14.8% → 18.3%). Calculated

↓
Revenue fell

Operating income / revenue moved from 1.91m NOK to 1.82m NOK (-4.7% YoY). Calculated
↓
Operating result weakened

Operating result +498.4k NOK → +274.3k NOK (op. margin 26.1% → 15.1%). Calculated
↓
Payroll up without matching revenue

Salary cost 951.4k NOK → 1.02m NOK (50% → 56% of revenue). Calculated