A BYGG GRUPPEN AS: årsregnskap 2004 vs 2003
Grew 24% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A BYGG GRUPPEN AS. Revenue 540.0k NOK → 668.6k NOK (+23.8%). Net result +1.05m NOK → +15.02m NOK. Equity 2.35m NOK → 2.47m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A BYGG GRUPPEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 540.0k NOK to 668.6k NOK (+23.8% YoY). Calculated
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↑
Net result improved
Net result +1.05m NOK → +15.02m NOK (net margin 195.1% → 2246.3%). Calculated
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↑
Equity strengthened
Book equity 2.35m NOK → 2.47m NOK (equity ratio 10.2% → 10.0%). Calculated
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↑
Cash rose
Bank deposits 37.7k NOK → 8.18m NOK (+21578.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -455.8k NOK → -1.54m NOK (op. margin -84.4% → -230.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 10.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 16.47m NOK → 13.83m NOK. Reported fact