AKADEMIET DRAMMEN AS: årsregnskap 2004 vs 2003
Grew 422410% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AKADEMIET DRAMMEN AS. Revenue 1 089 NOK → 4.60m NOK (+422410.4%). Net result +34.2k NOK → +83.2k NOK. Equity 134.2k NOK → 217.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKADEMIET DRAMMEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1 089 NOK to 4.60m NOK (+422410.4% YoY). Calculated
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Operating result improved
Operating result +42.7k NOK → +118.4k NOK (op. margin 3922.5% → 2.6%). Calculated
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Net result improved
Net result +34.2k NOK → +83.2k NOK (net margin 3139.4% → 1.8%). Calculated
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Equity strengthened
Book equity 134.2k NOK → 217.4k NOK (equity ratio 6006.6% → 8.8%). Calculated
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Current ratio back above 1×
Current ratio 0.44× → 1.10×. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation