A.J. DESIGN AS: årsregnskap 2004 vs 2003
Grew 12% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A.J. DESIGN AS. Revenue 2.60m NOK → 2.91m NOK (+12.0%). Net result +475.4k NOK → +400.3k NOK. Equity 282.7k NOK → 183.1k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for A.J. DESIGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.60m NOK to 2.91m NOK (+12.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 12.50×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +651.3k NOK → +562.7k NOK (op. margin 25.0% → 19.3%). Calculated
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↓
Net result weakened
Net result +475.4k NOK → +400.3k NOK (net margin 18.3% → 13.7%). Calculated
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↓
Equity eroded
Book equity 282.7k NOK → 183.1k NOK (equity ratio 16.9% → 11.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.48m NOK → 1.62m NOK (57% → 56% of revenue). Calculated