Org.nr 979 515 715 2003 → 2004 Year-over-year analysis

ADVENT NORWAY AS: årsregnskap 2004 vs 2003

Mixed movements in the accounts

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ADVENT NORWAY AS. Revenue 11.56m NOK → 11.78m NOK (+2.0%). Equity 3.87m NOK → 4.37m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose.

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

At a glance

Revenue

11.56m NOK 11.78m NOK

+2.0%

Equity

3.87m NOK 4.37m NOK

+13.0%

Cash

1.55m NOK 2.48m NOK

+60.3%

Total assets

8.42m NOK 8.13m NOK

-3.4%

↑
Revenue rose

Operating income / revenue moved from 11.56m NOK to 11.78m NOK (+2.0% YoY). Calculated
↑
Equity strengthened

Book equity 3.87m NOK → 4.37m NOK (equity ratio 46.0% → 53.7%). Calculated
↑
Cash rose

Bank deposits 1.55m NOK → 2.48m NOK (+60.3% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.04× → 2.08×. Calculated
↑
Payroll decreased

Salary cost 2 NOK → -5.51m NOK (0% → -47% of revenue). Calculated

·
COGS fell

COGS / varekostnad 2.72m NOK → -1.54m NOK (-156.5% YoY). Calculated