AEBI SCHMIDT NORGE AS: årsregnskap 2004 vs 2003
Shrank 52% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AEBI SCHMIDT NORGE AS. Revenue 95.83m NOK → 46.29m NOK (-51.7%). Net result +483 NOK → +32.6k NOK. Equity 1 NOK → 26.37m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AEBI SCHMIDT NORGE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +477 NOK → +3 969 NOK (op. margin 0.0% → 0.0%). Calculated
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Net result improved
Net result +483 NOK → +32.6k NOK (net margin 0.0% → 0.1%). Calculated
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Equity strengthened
Book equity 1 NOK → 26.37m NOK (equity ratio 0.0% → 71.5%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 95.83m NOK to 46.29m NOK (-51.7% YoY). Calculated
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Cash fell
Bank deposits 9.47m NOK → 731.7k NOK (-92.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (9.47m NOK → 731.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 48.37m NOK → 27.99m NOK (-42.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 564.0k NOK → 303.4k NOK. Reported fact