ADVICE REKLAMEBYRÅ AS: årsregnskap 2004 vs 2003
Shrank 63% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVICE REKLAMEBYRÅ AS. Revenue 1.98m NOK → 739.3k NOK (-62.6%). Net result +5.11m NOK → -15.0k NOK. Equity 131.4k NOK → -146.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVICE REKLAMEBYRÅ AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 515.9k NOK → 212.9k NOK (26% → 29% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.98m NOK to 739.3k NOK (-62.6% YoY). Calculated
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↓
Operating result weakened
Operating result +119.3k NOK → -1 480 NOK (op. margin 6.0% → -0.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 5.11m NOK profit to a loss of 15.0k NOK. Calculated
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↓
Equity eroded
Book equity 131.4k NOK → -146.5k NOK (equity ratio 110.8% → -225.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -225.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 946.3k NOK → 239.9k NOK (-74.6% YoY). Calculated