ADVOKAT HANS HENRIK PETTERSEN AS: årsregnskap 2004 vs 2003
Shrank 73% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVOKAT HANS HENRIK PETTERSEN AS. Revenue 701.3k NOK → 187.7k NOK (-73.2%). Equity 87.8k NOK → 138.2k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -19.7k NOK → +67.4k NOK (op. margin -2.8% → 35.9%). Calculated
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↑
Equity strengthened
Book equity 87.8k NOK → 138.2k NOK (equity ratio 23.5% → 33.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 701.3k NOK to 187.7k NOK (-73.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.62× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 7 NOK → 76.7k NOK (0% → 41% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad -23.2k NOK → 23.2k NOK (+200.0% YoY). Calculated