A BLYSTAD AS: årsregnskap 2004 vs 2003
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A BLYSTAD AS. Revenue 530.2k NOK → 536.0k NOK (+1.1%). Net result +250 NOK → +313.4k NOK. Equity 214.4k NOK → 227.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A BLYSTAD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 530.2k NOK to 536.0k NOK (+1.1% YoY). Calculated
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Operating result improved
Operating result +326.7k NOK → +417.0k NOK (op. margin 61.6% → 77.8%). Calculated
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Net result improved
Net result +250 NOK → +313.4k NOK (net margin 0.0% → 58.5%). Calculated
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Equity strengthened
Book equity 214.4k NOK → 227.8k NOK (equity ratio 10.9% → 9.9%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 622.7k NOK → 634.9k NOK. Reported fact