7 STEEL SERVICE NORWAY AS: årsregnskap 2005 vs 2004
Grew 10% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 7 STEEL SERVICE NORWAY AS. Revenue 603.22m NOK → 663.26m NOK (+10.0%). Equity 125.28m NOK → 156.87m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 7 STEEL SERVICE NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 603.22m NOK to 663.26m NOK (+10.0% YoY). Calculated
-
↑
Equity strengthened
Book equity 125.28m NOK → 156.87m NOK (equity ratio 50.7% → 57.1%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +84.95m NOK → +81.11m NOK (op. margin 14.1% → 12.2%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 39.56m NOK → 40.85m NOK (7% → 6% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 436.84m NOK → 497.70m NOK (+13.9% YoY). Calculated