A.C.E FASHIONSTORE AS: årsregnskap 2004 vs 2003
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A.C.E FASHIONSTORE AS. Revenue 1.32m NOK → 1.27m NOK (-3.6%). Net result +47.6k NOK → +32.6k NOK. Equity 118.6k NOK → 103.3k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A.C.E FASHIONSTORE AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.32m NOK to 1.27m NOK (-3.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +68.0k NOK → +50.6k NOK (op. margin 5.2% → 4.0%). Calculated
-
↓
Net result weakened
Net result +47.6k NOK → +32.6k NOK (net margin 3.6% → 2.6%). Calculated
-
↓
Equity eroded
Book equity 118.6k NOK → 103.3k NOK (equity ratio 24.0% → 22.0%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 429.9k NOK → 478.1k NOK (33% → 38% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 1.32m NOK → 1.27m NOK (-3.6% YoY). Calculated