AKER P-DRIFT AS: årsregnskap 2004 vs 2003
Shrank 36% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AKER P-DRIFT AS. Revenue 424.0k NOK → 269.7k NOK (-36.4%). Net result +67.3k NOK → -3 923 NOK. Equity 32.7k NOK → 14.5k 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 AKER P-DRIFT AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 424.0k NOK to 269.7k NOK (-36.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +92.7k NOK → -38.2k NOK (op. margin 21.9% → -14.2%). Calculated
-
↓
Fell into a net loss
Net result flipped from 67.3k NOK profit to a loss of 3 923 NOK. Calculated
-
↓
Equity eroded
Book equity 32.7k NOK → 14.5k NOK (equity ratio 23.4% → 4.6%). Calculated
-
↓
COGS moved
COGS / varekostnad 60.9k NOK → 111.4k NOK (+82.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 500 NOK → 8 950 NOK. Reported fact