AHEAD NORGE AS: årsregnskap 2004 vs 2003
Shrank 67% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AHEAD NORGE AS. Revenue 764.6k NOK → 251.8k NOK (-67.1%). Net result -7 041 NOK → -130.9k NOK. Equity 253.1k NOK → 119.4k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -7 150 NOK → +428.7k NOK (op. margin -0.9% → 170.3%). Calculated
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↑
Payroll decreased
Salary cost 5.30m NOK → 5 NOK (694% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 764.6k NOK to 251.8k NOK (-67.1% YoY). Calculated
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↓
Net result weakened
Net result -7 041 NOK → -130.9k NOK (net margin -0.9% → -52.0%). Calculated
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↓
Equity eroded
Book equity 253.1k NOK → 119.4k NOK (equity ratio 26.9% → 17.1%). Calculated
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↓
Cash fell
Bank deposits 234.3k NOK → 185.7k NOK (-20.7% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 0 NOK → 116.8k NOK (None YoY). Calculated