AKERSHUS AUTO BILVERKSTED AS: årsregnskap 2004 vs 2003
Shrank 15% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AKERSHUS AUTO BILVERKSTED AS. Revenue 3.14m NOK → 2.68m NOK (-14.9%). Equity 9.21m NOK → 324.6k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AKERSHUS AUTO BILVERKSTED AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +177.3k NOK → +210.3k NOK (op. margin 5.6% → 7.9%). Calculated
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Payroll decreased
Salary cost 312.6k NOK → 264.3k NOK (10% → 10% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.14m NOK to 2.68m NOK (-14.9% YoY). Calculated
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↓
Equity eroded
Book equity 9.21m NOK → 324.6k NOK (equity ratio 684.5% → 16.7%). Calculated
Things to notice
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COGS fell
COGS / varekostnad 2.19m NOK → 1.94m NOK (-11.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 96.4k NOK → 99.4k NOK. Reported fact