A EGGEN AS: årsregnskap 2004 vs 2003
Grew 26% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A EGGEN AS. Revenue 6.98m NOK → 8.81m NOK (+26.3%). Net result +239.1k NOK → +308.5k NOK. Equity 1.25m NOK → 316.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A EGGEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.98m NOK to 8.81m NOK (+26.3% YoY). Calculated
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↑
Operating result improved
Operating result +352.8k NOK → +437.4k NOK (op. margin 5.1% → 5.0%). Calculated
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↑
Net result improved
Net result +239.1k NOK → +308.5k NOK (net margin 3.4% → 3.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.25m NOK → 316.7k NOK (equity ratio 47.7% → 10.0%). Calculated
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↓
Cash fell
Bank deposits 1.14m NOK → 1.01m NOK (-11.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 NOK → 1.77m NOK (0% → 20% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 4.05m NOK → 5.33m NOK (+31.7% YoY). Calculated