2R DATA OG REGNSKAP AS: årsregnskap 2004 vs 2003
Shrank 11% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for 2R DATA OG REGNSKAP AS. Revenue 2.10m NOK → 1.87m NOK (-11.0%). Net result +32.7k NOK → +92.2k NOK. Equity 54.1k NOK → 38.1k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 2R DATA OG REGNSKAP AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +17.0k NOK → +119.9k NOK (op. margin 0.8% → 6.4%). Calculated
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Net result improved
Net result +32.7k NOK → +92.2k NOK (net margin 1.6% → 4.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.10m NOK to 1.87m NOK (-11.0% YoY). Calculated
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↓
Equity eroded
Book equity 54.1k NOK → 38.1k NOK (equity ratio 8.1% → 7.4%). Calculated
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↓
Cash fell
Bank deposits 47.1k NOK → 37.2k NOK (-21.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 249.0k NOK → 192.7k NOK (-22.6% YoY). Calculated