A.HILDONEN BAKERI & KONDITORI AS: årsregnskap 2005 vs 2004
Grew 2575% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A.HILDONEN BAKERI & KONDITORI AS. Revenue 434.4k NOK → 11.62m NOK (+2574.9%). Net result +328.1k NOK → +878.0k NOK. Equity 671.7k NOK → 449.7k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for A.HILDONEN BAKERI & KONDITORI AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 434.4k NOK to 11.62m NOK (+2574.9% YoY). Calculated
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Net result improved
Net result +328.1k NOK → +878.0k NOK (net margin 75.5% → 7.6%). Calculated
What deteriorated
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Operating result weakened
Operating result +522.9k NOK → +223.1k NOK (op. margin 120.4% → 1.9%). Calculated
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↓
Equity eroded
Book equity 671.7k NOK → 449.7k NOK (equity ratio 17.7% → 10.9%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 401.6k NOK → 301.6k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 2.29m NOK → 4.95m NOK (527% → 43% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.57m NOK → 3.08m NOK (+96.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 242.8k NOK → 242 NOK. Reported fact