A PEDERSEN & SØNN AS: årsregnskap 2004 vs 2003
Grew 71% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A PEDERSEN & SØNN AS. Revenue 4.30m NOK → 7.34m NOK (+70.8%). Net result +38.2k NOK → +480.5k NOK. Equity 435.6k NOK → 576.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A PEDERSEN & SØNN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.30m NOK to 7.34m NOK (+70.8% YoY). Calculated
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Operating result improved
Operating result +54.5k NOK → +649.4k NOK (op. margin 1.3% → 8.8%). Calculated
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Net result improved
Net result +38.2k NOK → +480.5k NOK (net margin 0.9% → 6.5%). Calculated
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Equity strengthened
Book equity 435.6k NOK → 576.1k NOK (equity ratio 12.7% → 10.1%). Calculated
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Payroll decreased
Salary cost 3.75m NOK → 2 NOK (87% → 0% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 54.4k NOK → 0 NOK (-100.0% YoY). Calculated