AGENTURHUSET UTLEIE AS: årsregnskap 2004 vs 2003
Grew 27% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AGENTURHUSET UTLEIE AS. Revenue 3.68m NOK → 4.66m NOK (+26.5%). Net result +438.6k NOK → 0 NOK. Equity 972.5k NOK → 142.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AGENTURHUSET UTLEIE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.68m NOK to 4.66m NOK (+26.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +865.3k NOK → +267.6k NOK (op. margin 23.5% → 5.7%). Calculated
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↓
Net result weakened
Net result +438.6k NOK → 0 NOK (net margin 11.9% → 0.0%). Calculated
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↓
Equity eroded
Book equity 972.5k NOK → 142.8k NOK. Calculated
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↓
Cash fell
Bank deposits 1.26m NOK → 783.3k NOK (-37.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 569.4k NOK → 1.13m NOK (+97.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.71m NOK → 4.28m NOK. Reported fact