ADMIT AS: årsregnskap 2004 vs 2003
Grew 9% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADMIT AS. Revenue 1.59m NOK → 1.73m NOK (+9.2%). Net result +108.1k NOK → +7 284 NOK. Equity 31.7k NOK → 194.0k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.59m NOK to 1.73m NOK (+9.2% YoY). Calculated
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↑
Equity strengthened
Book equity 31.7k NOK → 194.0k NOK (equity ratio 5.0% → 30.3%). Calculated
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↑
Owners injected capital
Paid-in equity rose 260.3k NOK → 415.3k NOK (+155.0k NOK). Reported fact
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↑
Payroll decreased
Salary cost 1.90m NOK → 936.8k NOK (119% → 54% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +130.5k NOK → +54.7k NOK (op. margin 8.2% → 3.2%). Calculated
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↓
Net result weakened
Net result +108.1k NOK → +7 284 NOK (net margin 6.8% → 0.4%). Calculated