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Promotion
Relegation
2004
| Pl | W | D | L | Diff | Pts | |||
| 1 | Hafnarfjordur | 18 | 10 | 7 | 1 | 33:16 | 17 | 37 |
| 2 | Vestmannaeyjar | 18 | 9 | 4 | 5 | 35:20 | 15 | 31 |
| 3 | Akranes | 18 | 8 | 7 | 3 | 28:19 | 9 | 31 |
| 4 | Fylkir | 18 | 8 | 5 | 5 | 26:20 | 6 | 29 |
| 5 | Keflavik | 18 | 7 | 3 | 8 | 31:33 | -2 | 24 |
| 6 | KR Reykjavik | 18 | 5 | 7 | 6 | 21:22 | -1 | 22 |
| 7 | Grindavik | 18 | 5 | 7 | 6 | 24:31 | -7 | 22 |
| 8 | Fram | 18 | 4 | 5 | 9 | 19:28 | -9 | 17 |
| 9 | Vikingur Reykjavik | 18 | 4 | 4 | 10 | 19:30 | -11 | 16 |
| 10 | KA Akureyri | 18 | 4 | 3 | 11 | 13:30 | -17 | 15 |
Promotion
Relegation
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