FirmaIQ
Org.nr 947 454 838 2003 → 2004 Year-over-year analysis

A/S Hørtefossen: årsregnskap 2004 vs 2003

Weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for A/S Hørtefossen. Revenue 5.12m NOK → 5.08m NOK (-0.7%). Net result +294.6k NOK → +132.3k NOK. Equity 1.55m NOK → 1.68m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for A/S Hørtefossen.

At a glance

Scorecard

Revenue
5.12m NOK 5.08m NOK
-0.7%
Operating result
+456.1k NOK +232.0k NOK
-49.1%
Net result
+294.6k NOK +132.3k NOK
-55.1%
Equity
1.55m NOK 1.68m NOK
+8.6%
Cash
5.43m NOK 6.61m NOK
+21.6%
Total assets
8.57m NOK 8.59m NOK
+0.3%

What improved

  • ↑

    Equity strengthened

    Book equity 1.55m NOK → 1.68m NOK (equity ratio 18.1% → 19.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 5.43m NOK → 6.61m NOK (+21.6% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.12m NOK to 5.08m NOK (-0.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +456.1k NOK → +232.0k NOK (op. margin 8.9% → 4.6%). Calculated

  • ↓

    Net result weakened

    Net result +294.6k NOK → +132.3k NOK (net margin 5.8% → 2.6%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 1.65m NOK → 1.73m NOK (+4.3% YoY). Calculated

Things to notice

  • ·

    Headcount (årsverk) changed

    Reported FTEs 5 → 9. Reported fact