Org.nr 959 033 560 2003 → 2004 Year-over-year analysis

ARCTICZYMES TECHNOLOGIES ASA: årsregnskap 2004 vs 2003

Shrank 10% on revenue

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ARCTICZYMES TECHNOLOGIES ASA. Revenue 29.59m NOK → 26.57m NOK (-10.2%). Equity 61.97m NOK → 57.32m NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ARCTICZYMES TECHNOLOGIES ASA.

At a glance

Revenue

29.59m NOK 26.57m NOK

-10.2%

Operating result

-11.63m NOK -10.13m NOK

+12.9%

Equity

61.97m NOK 57.32m NOK

-7.5%

Total assets

66.86m NOK 63.24m NOK

-5.4%

↑
Operating result improved

Operating result -11.63m NOK → -10.13m NOK (op. margin -39.3% → -38.1%). Calculated

↓
Revenue fell

Operating income / revenue moved from 29.59m NOK to 26.57m NOK (-10.2% YoY). Calculated
↓
Equity eroded

Book equity 61.97m NOK → 57.32m NOK (equity ratio 92.7% → 90.6%). Calculated
↓
Payroll up without matching revenue

Salary cost 15.10m NOK → 16.63m NOK (51% → 63% of revenue). Calculated