A HØNSEN SJÅFØRSKOLE AS: årsregnskap 2004 vs 2003
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A HØNSEN SJÅFØRSKOLE AS. Revenue 5.79m NOK → 5.80m NOK (+0.3%). Net result +132.5k NOK → +30.5k NOK. Equity 372.8k NOK → 357.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A HØNSEN SJÅFØRSKOLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.79m NOK to 5.80m NOK (+0.3% YoY). Calculated
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↑
Cash rose
Bank deposits 170.6k NOK → 3.88m NOK (+2176.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +301.8k NOK → +202.4k NOK (op. margin 5.2% → 3.5%). Calculated
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↓
Net result weakened
Net result +132.5k NOK → +30.5k NOK (net margin 2.3% → 0.5%). Calculated
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↓
Equity eroded
Book equity 372.8k NOK → 357.3k NOK (equity ratio 10.0% → 10.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.04m NOK → 2.11m NOK (35% → 36% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 168.4k NOK → 96.0k NOK (-43.0% YoY). Calculated