Org.nr 946 598 038 2003 → 2004 Year-over-year analysis

GRIEG SEAFOOD ASA: årsregnskap 2004 vs 2003

Shrank 95% on revenue

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for GRIEG SEAFOOD ASA. Revenue 267.46m NOK → 14.39m NOK (-94.6%). Equity 206.97m NOK → 194.42m NOK.

On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for GRIEG SEAFOOD ASA.

At a glance

Revenue

267.46m NOK 14.39m NOK

-94.6%

Operating result

+1.07m NOK -32.50m NOK

-3135.2%

Net result

-10.71m NOK n/m

—

Equity

206.97m NOK 194.42m NOK

-6.1%

Total assets

398.72m NOK 385.28m NOK

-3.4%

↑
Owners injected capital

Paid-in equity rose 207.02m NOK → 236.05m NOK (+29.03m NOK). Reported fact

↓
Revenue fell

Operating income / revenue moved from 267.46m NOK to 14.39m NOK (-94.6% YoY). Calculated
↓
Operating result weakened

Operating result +1.07m NOK → -32.50m NOK (op. margin 0.4% → -225.9%). Calculated
↓
Equity eroded

Book equity 206.97m NOK → 194.42m NOK (equity ratio 51.9% → 50.5%). Calculated
↓
Payroll up without matching revenue

Salary cost 2 003 NOK → 4.64m NOK (0% → 32% of revenue). Calculated

·
COGS fell

COGS / varekostnad 231.40m NOK → 8.90m NOK (-96.2% YoY). Calculated
·
Book investments changed

Investment / intangible book value 34.03m NOK → 32.57m NOK. Reported fact