A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi: årsregnskap 2004 vs 2003
Shrank 21% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi. Revenue 540.1k NOK → 424.2k NOK (-21.5%). Net result +205.1k NOK → +428.1k NOK. Equity -49.5k NOK → 278.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +431.2k NOK → +991.4k NOK (op. margin 79.8% → 233.7%). Calculated
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↑
Net result improved
Net result +205.1k NOK → +428.1k NOK (net margin 38.0% → 100.9%). Calculated
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↑
Equity strengthened
Book equity -49.5k NOK → 278.6k NOK (equity ratio -1.4% → 11.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 540.1k NOK to 424.2k NOK (-21.5% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.95m NOK → 100.22m NOK. Reported fact