A. M. VIK AS: årsregnskap 2004 vs 2003
Grew 8% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A. M. VIK AS. Revenue 7.52m NOK → 8.12m NOK (+8.0%). Net result +364.0k NOK → +454.1k NOK. Equity 886.6k NOK → 520.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for A. M. VIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.52m NOK to 8.12m NOK (+8.0% YoY). Calculated
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Operating result improved
Operating result +576.1k NOK → +700.6k NOK (op. margin 7.7% → 8.6%). Calculated
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↑
Net result improved
Net result +364.0k NOK → +454.1k NOK (net margin 4.8% → 5.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 886.6k NOK → 520.8k NOK (equity ratio 24.7% → 10.5%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 300 NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 1.73m NOK → 1.97m NOK (23% → 24% of revenue). Calculated
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Book investments changed
Investment / intangible book value 2 000 NOK → 54.5k NOK. Reported fact