AJOUR INVEST AS: årsregnskap 2004 vs 2003
Grew 17% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AJOUR INVEST AS. Revenue 13.6k NOK → 15.9k NOK (+17.3%). Net result -415.1k NOK → +717.1k NOK. Equity 423.2k NOK → 680.3k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AJOUR INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 13.6k NOK to 15.9k NOK (+17.3% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 415.1k NOK to a profit of 717.1k NOK. Calculated
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↑
Equity strengthened
Book equity 423.2k NOK → 680.3k NOK (equity ratio 27.5% → 59.6%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -13.6k NOK → -15.9k NOK (op. margin -100.0% → -100.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.44× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 954.6k NOK → 5 NOK. Reported fact