A COSTA SAKS AS: årsregnskap 2004 vs 2003
Shrank 12% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A COSTA SAKS AS. Revenue 1.47m NOK → 1.30m NOK (-11.6%). Net result +83.3k NOK → +47.8k NOK. Equity 112.8k NOK → 108.7k NOK.
On the constructive side: payroll decreased. 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 COSTA SAKS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.81m NOK → 3.78m NOK (259% → 290% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.47m NOK to 1.30m NOK (-11.6% YoY). Calculated
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↓
Operating result weakened
Operating result +107.5k NOK → +71.0k NOK (op. margin 7.3% → 5.4%). Calculated
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↓
Net result weakened
Net result +83.3k NOK → +47.8k NOK (net margin 5.6% → 3.7%). Calculated
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↓
Equity eroded
Book equity 112.8k NOK → 108.7k NOK (equity ratio 30.2% → 28.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 286.4k NOK → 203.8k NOK (-28.9% YoY). Calculated