FirmaIQ
Org.nr 974 519 658 2003 → 2004 Year-over-year analysis

AEKO INGIERVEIEN AS: årsregnskap 2004 vs 2003

Shrank 11% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for AEKO INGIERVEIEN AS. Revenue 1.77m NOK → 1.57m NOK (-11.3%). Net result +240.3k NOK → +704.5k NOK. Equity 2.61m NOK → 1.94m NOK.

On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AEKO INGIERVEIEN AS.

At a glance

Scorecard

Revenue
1.77m NOK 1.57m NOK
-11.3%
Operating result
+768.7k NOK +663.8k NOK
-13.6%
Net result
+240.3k NOK +704.5k NOK
+193.1%
Equity
2.61m NOK 1.94m NOK
-25.5%
Total assets
15.26m NOK 16.49m NOK
+8.1%

What improved

  • ↑

    Net result improved

    Net result +240.3k NOK → +704.5k NOK (net margin 13.6% → 44.8%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.77m NOK to 1.57m NOK (-11.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +768.7k NOK → +663.8k NOK (op. margin 43.3% → 42.2%). Calculated

  • ↓

    Equity eroded

    Book equity 2.61m NOK → 1.94m NOK (equity ratio 17.1% → 11.8%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.60× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 2.61m NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation