AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS: årsregnskap 2004 vs 2003
Shrank 45% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS. Revenue 38.89m NOK → 21.49m NOK (-44.7%). Net result +3.33m NOK → -759.5k NOK. Equity 5.26m NOK → 497.6k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 38.89m NOK to 21.49m NOK (-44.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +4.40m NOK → -799.6k NOK (op. margin 11.3% → -3.7%). Calculated
-
↓
Fell into a net loss
Net result flipped from 3.33m NOK profit to a loss of 759.5k NOK. Calculated
-
↓
Equity eroded
Book equity 5.26m NOK → 497.6k NOK (equity ratio 35.4% → 7.1%). Calculated
-
↓
Payroll up without matching revenue
Salary cost -9.11m NOK → -7.69m NOK (-23% → -36% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 208.6k NOK → 262.2k NOK. Reported fact