AKERSHUS EIENDOMSERVICE AS: årsregnskap 2004 vs 2003
Grew 135% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AKERSHUS EIENDOMSERVICE AS. Revenue 151.3k NOK → 355.3k NOK (+134.9%). Net result -57.5k NOK → -68.4k NOK. Equity 71.6k NOK → 3 251 NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AKERSHUS EIENDOMSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 151.3k NOK to 355.3k NOK (+134.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -57.5k NOK → -68.4k NOK (net margin -38.0% → -19.2%). Calculated
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↓
Equity eroded
Book equity 71.6k NOK → 3 251 NOK (equity ratio 26.5% → 1.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 45.3k NOK → 2.18m NOK (30% → 615% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 19.2k NOK → 158.0k NOK (+724.4% YoY). Calculated