3 PRO, PROFESJONELL PROTOTYP OG PODUKTUTVIKLING AS: årsregnskap 2004 vs 2003
Grew 20% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for 3 PRO, PROFESJONELL PROTOTYP OG PODUKTUTVIKLING AS. Revenue 1.18m NOK → 1.42m NOK (+20.3%). Net result +374.5k NOK → +495.9k NOK. Equity 677.8k NOK → 563.63bn NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 3 PRO, PROFESJONELL PROTOTYP OG PODUKTUTVIKLING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.18m NOK to 1.42m NOK (+20.3% YoY). Calculated
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Operating result improved
Operating result +294.5k NOK → +759.4k NOK (op. margin 24.9% → 53.5%). Calculated
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Net result improved
Net result +374.5k NOK → +495.9k NOK (net margin 31.7% → 34.9%). Calculated
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Equity strengthened
Book equity 677.8k NOK → 563.63bn NOK (equity ratio 18.8% → 15491647.0%). Calculated
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Payroll decreased
Salary cost 6.26m NOK → 126.7k NOK (530% → 9% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 227.2k NOK → 42.7k NOK (-81.2% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 72.6k NOK → 28.8k NOK (-60.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 243.8k NOK → 50.9k NOK. Reported fact