A M AAGAARD AS: årsregnskap 2005 vs 2004
Grew 12% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A M AAGAARD AS. Revenue 3.23m NOK → 3.63m NOK (+12.5%). Net result +51.9k NOK → +38.6k NOK. Equity 107.3k NOK → 145.9k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A M AAGAARD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.23m NOK to 3.63m NOK (+12.5% YoY). Calculated
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↑
Equity strengthened
Book equity 107.3k NOK → 145.9k NOK (equity ratio 11.1% → 909.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +101.4k NOK → +75.0k NOK (op. margin 3.1% → 2.1%). Calculated
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↓
Net result weakened
Net result +51.9k NOK → +38.6k NOK (net margin 1.6% → 1.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 703.1k NOK → 733.6k NOK (22% → 20% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.63m NOK → 1.90m NOK (+16.4% YoY). Calculated