ADVISUM AS: årsregnskap 2004 vs 2003
Grew 7483% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVISUM AS. Revenue 21.1k NOK → 1.60m NOK (+7483.2%). Net result +881.3k NOK → +467.8k NOK. Equity 150.5k NOK → 162.3k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVISUM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 21.1k NOK to 1.60m NOK (+7483.2% YoY). Calculated
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↑
Operating result improved
Operating result +11.2k NOK → +655.0k NOK (op. margin 53.3% → 41.0%). Calculated
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↑
Equity strengthened
Book equity 150.5k NOK → 162.3k NOK (equity ratio 1326.4% → 13.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 1.07×. Calculated
What deteriorated
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↓
Net result weakened
Net result +881.3k NOK → +467.8k NOK (net margin 4178.1% → 29.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.32m NOK → 3.63m NOK (15723% → 227% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 184.4k NOK → 10.3k NOK (-94.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 92.0k NOK. Reported fact