Org.nr 937 775 741 2003 → 2004 Year-over-year analysis

AERON AS: årsregnskap 2004 vs 2003

Shrank 13% on revenue

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for AERON AS. Revenue 68.10m NOK → 58.95m NOK (-13.4%). Equity 8.72m NOK → 8.47m NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AERON AS.

At a glance

Revenue

68.10m NOK 58.95m NOK

-13.4%

Operating result

+39.2k NOK -69.0k NOK

-276.1%

Equity

8.72m NOK 8.47m NOK

-2.9%

Cash

1.28m NOK n/m

—

Total assets

15.80m NOK 22.77m NOK

+44.1%

↑
Payroll decreased

Salary cost 10.87m NOK → -9.46m NOK (16% → -16% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 68.10m NOK to 58.95m NOK (-13.4% YoY). Calculated
↓
Operating result weakened

Operating result +39.2k NOK → -69.0k NOK (op. margin 0.1% → -0.1%). Calculated
↓
Equity eroded

Book equity 8.72m NOK → 8.47m NOK (equity ratio 55.2% → 37.2%). Calculated
↓
COGS moved

COGS / varekostnad -52.21m NOK → -44.79m NOK (+14.2% YoY). Calculated

·
Book investments changed

Investment / intangible book value 271.9k NOK → 205.2k NOK. Reported fact