Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 06/2004 |  | John Thomsen | MF | |||
| 04/2004 |  | Wellington | FW | |||
| 01/2004 | | Hans Ellefsen | DF | |||
| 01/2004 | | Tór-Ingar Akselsen | MF |  | HB Tórshavn | HB |
| 01/2004 | | Jógvan Holm | MF | |||
| 01/2004 | | Per Joensen | MF | |||
| 01/2004 | | Sonny Johansen | FW |  | B36 Tórshavn | B36 |
| 01/2004 | | Jógvan Norðbúð | MA |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2004 | | Jóhannis Joensen | DF | | B36 Tórshavn | B36 |
| 01/2004 | | Ragnar Niclasen | DF |  | SÍ Sørvágur | SÍ |
| 01/2004 | | Jógvan Samuelsen | DF |  | FC Hoyvík (old) | Hoyvík (old) |
| 01/2004 | | Clayton Soares | FW |  | B71 Sandoy | B71 |
| 01/2004 | | Jens Erik Rasmussen | AS-CO | | B36 Tórshavn | B36 |