ADVANCED FIBER OPTICS AS: årsregnskap 2004 vs 2003
Shrank 34% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVANCED FIBER OPTICS AS. Revenue 305.9k NOK → 201.6k NOK (-34.1%). Net result +5 525 NOK → +16.8k NOK. Equity -405.9k NOK → -422.7k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
305.9k NOK
201.6k NOK
-34.1%
Operating result
+56.7k NOK
+12.4k NOK
-78.1%
Net result
+5 525 NOK
+16.8k NOK
+204.7%
Equity
-405.9k NOK
-422.7k NOK
-4.1%
Total assets
395.1k NOK
433.2k NOK
+9.7%
What improved
-
↑
Net result improved
Net result +5 525 NOK → +16.8k NOK (net margin 1.8% → 8.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 305.9k NOK to 201.6k NOK (-34.1% YoY). Calculated
-
↓
Operating result weakened
Operating result +56.7k NOK → +12.4k NOK (op. margin 18.5% → 6.2%). Calculated
-
↓
Equity eroded
Book equity -405.9k NOK → -422.7k NOK (equity ratio -102.7% → -97.6%). Calculated