70 GRADER N ARKITEKTUR AS: årsregnskap 2004 vs 2003
Grew 17% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for 70 GRADER N ARKITEKTUR AS. Revenue 3.88m NOK → 4.56m NOK (+17.4%). Net result +20.7k NOK → +156.2k NOK. Equity 607.7k NOK → 613.9k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 70 GRADER N ARKITEKTUR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.88m NOK to 4.56m NOK (+17.4% YoY). Calculated
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↑
Net result improved
Net result +20.7k NOK → +156.2k NOK (net margin 0.5% → 3.4%). Calculated
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↑
Equity strengthened
Book equity 607.7k NOK → 613.9k NOK (equity ratio 63.8% → 144.7%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.42× → 0.30× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2.26m NOK → 2.68m NOK (58% → 59% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 310.8k NOK → 456.3k NOK (+46.8% YoY). Calculated