Org.nr 979 496 842 2003 → 2004 Year-over-year analysis

ADOLF JAHNSEN AS: årsregnskap 2004 vs 2003

Fresh owner capital

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ADOLF JAHNSEN AS. Revenue 36.49m NOK → 36.54m NOK (+0.1%). Equity 1.90m NOK → 133.7k NOK.

On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADOLF JAHNSEN AS.

At a glance

Revenue

36.49m NOK 36.54m NOK

+0.1%

Operating result

+61.2k NOK +2.13m NOK

+3384.4%

Equity

1.90m NOK 133.7k NOK

-93.0%

Total assets

10.74m NOK 11.26m NOK

+4.8%

↑
Revenue rose

Operating income / revenue moved from 36.49m NOK to 36.54m NOK (+0.1% YoY). Calculated
↑
Operating result improved

Operating result +61.2k NOK → +2.13m NOK (op. margin 0.2% → 5.8%). Calculated
↑
Owners injected capital

Paid-in equity rose 620 NOK → 620.0k NOK (+619.4k NOK). Reported fact

↓
Equity eroded

Book equity 1.90m NOK → 133.7k NOK (equity ratio 17.7% → 1.2%). Calculated

·
Thin equity buffer

Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 5.28m NOK → 5.51m NOK (14% → 15% of revenue). Calculated
·
COGS fell

COGS / varekostnad 26.16m NOK → 25.70m NOK (-1.7% YoY). Calculated