ADVANCED INTERNATIONAL MANAGEMENT AS: årsregnskap 2004 vs 2003
Shrank 11% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVANCED INTERNATIONAL MANAGEMENT AS. Revenue 2.47m NOK → 2.20m NOK (-11.2%). Net result +925.4k NOK → +1 072 NOK. Equity 357.8k NOK → 285.5k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVANCED INTERNATIONAL MANAGEMENT AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.47m NOK to 2.20m NOK (-11.2% YoY). Calculated
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↓
Operating result weakened
Operating result +1.73m NOK → +1.47m NOK (op. margin 69.9% → 66.8%). Calculated
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↓
Net result weakened
Net result +925.4k NOK → +1 072 NOK (net margin 37.4% → 0.0%). Calculated
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↓
Equity eroded
Book equity 357.8k NOK → 285.5k NOK (equity ratio 10.0% → 10.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 127.8k NOK → 197.6k NOK (5% → 9% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 25.1k NOK → 0 NOK (-100.0% YoY). Calculated