A.L. HØYER AS: årsregnskap 2005 vs 2004
Grew 27% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A.L. HØYER AS. Revenue 15.47m NOK → 19.61m NOK (+26.8%). Equity 8.70m NOK → 1.70m NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A.L. HØYER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 15.47m NOK to 19.61m NOK (+26.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.94× → 1.30×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.90m NOK → +1.85m NOK (op. margin 12.3% → 9.4%). Calculated
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↓
Equity eroded
Book equity 8.70m NOK → 1.70m NOK (equity ratio 123.8% → 28.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 9.38m NOK (0% → 48% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.56m NOK → 6.56m NOK (+84.3% YoY). Calculated