A M HANSEN MASKINERING AS: årsregnskap 2004 vs 2003
Shrank 22% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A M HANSEN MASKINERING AS. Revenue 1.78m NOK → 1.39m NOK (-21.8%). Net result +113.5k NOK → +152.4k NOK. Equity 110.5k NOK → 42.0k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A M HANSEN MASKINERING AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +107.1k NOK → +244.0k NOK (op. margin 6.0% → 17.6%). Calculated
-
↑
Net result improved
Net result +113.5k NOK → +152.4k NOK (net margin 6.4% → 11.0%). Calculated
-
↑
Cash rose
Bank deposits 3 815 NOK → 41.8k NOK (+996.9% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.79× → 1.45×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.78m NOK to 1.39m NOK (-21.8% YoY). Calculated
-
↓
Equity eroded
Book equity 110.5k NOK → 42.0k NOK (equity ratio 18.4% → 8782.0%). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 557.0k NOK → 274.8k NOK (-50.7% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 3 000 NOK → 9 619 NOK. Reported fact