3T STJØRDAL AS: årsregnskap 2004 vs 2003
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for 3T STJØRDAL AS. Revenue 6.01m NOK → 6.23m NOK (+3.6%). Net result +732.9k NOK → +939.7k NOK. Equity 728.2k NOK → 667.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for 3T STJØRDAL AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 6.01m NOK to 6.23m NOK (+3.6% YoY). Calculated
-
↑
Operating result improved
Operating result +855.1k NOK → +965.0k NOK (op. margin 14.2% → 15.5%). Calculated
-
↑
Net result improved
Net result +732.9k NOK → +939.7k NOK (net margin 12.2% → 15.1%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.52× → 3.11×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 728.2k NOK → 667.9k NOK (equity ratio 25.1% → 18.9%). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 1.41m NOK → 732.1k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 246.3k NOK → 238.3k NOK (-3.2% YoY). Calculated