A G VIGEMYR AS: årsregnskap 2004 vs 2003
Grew 8% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A G VIGEMYR AS. Revenue 21.39m NOK → 23.21m NOK (+8.5%). Net result +657.4k NOK → +78.2k NOK. Equity 547.0k NOK → 965.2k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for A G VIGEMYR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 21.39m NOK to 23.21m NOK (+8.5% YoY). Calculated
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↑
Equity strengthened
Book equity 547.0k NOK → 965.2k NOK (equity ratio 10.0% → 13.5%). Calculated
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↑
Cash rose
Bank deposits 6 384 NOK → 3.29m NOK (+51392.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +652.5k NOK → +437.9k NOK (op. margin 3.0% → 1.9%). Calculated
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↓
Net result weakened
Net result +657.4k NOK → +78.2k NOK (net margin 3.1% → 0.3%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 120.0k NOK → 882 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 1.16m NOK → 1.34m NOK (5% → 6% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 18.32m NOK → 19.28m NOK (+5.2% YoY). Calculated