A&B ELEKTRO INSTALLASJON AS: årsregnskap 2004 vs 2003
Shrank 15% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A&B ELEKTRO INSTALLASJON AS. Revenue 898.5k NOK → 764.1k NOK (-15.0%). Net result +71.9k NOK → +205.9k NOK. Equity 10.9k NOK → 195.0k NOK.
On the constructive side: net result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A&B ELEKTRO INSTALLASJON AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +71.9k NOK → +205.9k NOK (net margin 8.0% → 26.9%). Calculated
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↑
Equity strengthened
Book equity 10.9k NOK → 195.0k NOK (equity ratio 2.0% → 23.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.98× → 1.31×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 898.5k NOK to 764.1k NOK (-15.0% YoY). Calculated
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↓
Operating result weakened
Operating result +88.4k NOK → +22.8k NOK (op. margin 9.8% → 3.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 10.3k NOK → 1.31m NOK (1% → 172% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 441.6k NOK → 262.5k NOK (-40.6% YoY). Calculated