AGNEFESTVEIEN 4 AS: årsregnskap 2004 vs 2003
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AGNEFESTVEIEN 4 AS. Revenue 726.7k NOK → 722.3k NOK (-0.6%). Net result +210.3k NOK → +201.2k NOK. Equity 2.15m NOK → 100.4k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for AGNEFESTVEIEN 4 AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 726.7k NOK to 722.3k NOK (-0.6% YoY). Calculated
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↓
Operating result weakened
Operating result +362.9k NOK → +340.4k NOK (op. margin 49.9% → 47.1%). Calculated
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↓
Equity eroded
Book equity 2.15m NOK → 100.4k NOK (equity ratio 40.1% → 1.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 15.4k NOK → 87.0k NOK (2% → 12% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 2.15m NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation