A JØRGENSEN AS: årsregnskap 2004 vs 2003
Grew 31% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A JØRGENSEN AS. Revenue 484.2k NOK → 636.4k NOK (+31.4%). Net result +198.3k NOK → +220.3k NOK. Equity 590.7k NOK → 301.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for A JØRGENSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 484.2k NOK to 636.4k NOK (+31.4% YoY). Calculated
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↑
Operating result improved
Operating result +98.1k NOK → +104.8k NOK (op. margin 20.3% → 16.5%). Calculated
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↑
Net result improved
Net result +198.3k NOK → +220.3k NOK (net margin 40.9% → 34.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 590.7k NOK → 301.0k NOK (equity ratio 65.8% → 186.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 298.0k NOK → 398.5k NOK (62% → 63% of revenue). Calculated