A/S Rep-Rek: årsregnskap 2004 vs 2003
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A/S Rep-Rek. Revenue 13.35m NOK → 12.97m NOK (-2.9%). Net result -295.2k NOK → -759.7k NOK. Equity 2.05m NOK → 1.29m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S Rep-Rek.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 7.03m NOK → 6.68m NOK (53% → 51% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.35m NOK to 12.97m NOK (-2.9% YoY). Calculated
-
↓
Operating result weakened
Operating result -316.4k NOK → -725.5k NOK (op. margin -2.4% → -5.6%). Calculated
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↓
Net result weakened
Net result -295.2k NOK → -759.7k NOK (net margin -2.2% → -5.9%). Calculated
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↓
Equity eroded
Book equity 2.05m NOK → 1.29m NOK (equity ratio 34.4% → 27.0%). Calculated
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↓
COGS moved
COGS / varekostnad 2.45m NOK → 2.53m NOK (+3.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 694.9k NOK → 28.5k NOK. Reported fact