A & B JERNVARE AS: årsregnskap 2004 vs 2003
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A & B JERNVARE AS. Revenue 4.42m NOK → 4.44m NOK (+0.7%). Net result +473.1k NOK → +66.4k NOK. Equity 167.2k NOK → 163.8k NOK.
On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for A & B JERNVARE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.42m NOK to 4.44m NOK (+0.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.06× → 2.75×. Calculated
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↑
Payroll decreased
Salary cost 898.8k NOK → 846.9k NOK (20% → 19% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +238.9k NOK → +156.0k NOK (op. margin 5.4% → 3.5%). Calculated
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↓
Net result weakened
Net result +473.1k NOK → +66.4k NOK (net margin 10.7% → 1.5%). Calculated
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↓
Equity eroded
Book equity 167.2k NOK → 163.8k NOK. Calculated
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↓
Cash fell
Bank deposits 45.8k NOK → 41.1k NOK (-10.3% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 2.84m NOK → 2.93m NOK (+3.0% YoY). Calculated