99X INCREO AS: årsregnskap 2005 vs 2004
Grew 33% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 99X INCREO AS. Revenue 2.44m NOK → 3.25m NOK (+33.2%). Net result +312.5k NOK → +350.0k NOK. Equity 102.2k NOK → 206.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for 99X INCREO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.44m NOK to 3.25m NOK (+33.2% YoY). Calculated
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Operating result improved
Operating result +411.5k NOK → +525.1k NOK (op. margin 16.9% → 16.2%). Calculated
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Net result improved
Net result +312.5k NOK → +350.0k NOK (net margin 12.8% → 10.8%). Calculated
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Equity strengthened
Book equity 102.2k NOK → 206.4k NOK (equity ratio 45.1% → 15.2%). Calculated
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Current ratio back above 1×
Current ratio 0.80× → 27.31×. Calculated
Things to notice
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Payroll increased
Salary cost 1.13m NOK → 1.44m NOK (46% → 44% of revenue). Calculated
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COGS fell
COGS / varekostnad 401.7k NOK → 369.9k NOK (-7.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 75.0k NOK → 1 NOK. Reported fact