A/S SCAN AFRICAN: årsregnskap 2004 vs 2003
Grew 426% on revenue, returned to profit, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A/S SCAN AFRICAN. Revenue 75.2k NOK → 395.9k NOK (+426.2%). Net result -80.1k NOK → +217.0k NOK. Equity 752.0k NOK → 2.21m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A/S SCAN AFRICAN.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 75.2k NOK to 395.9k NOK (+426.2% YoY). Calculated
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Operating result improved
Operating result -132.6k NOK → +403.6k NOK (op. margin -176.2% → 101.9%). Calculated
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Turned profitable
Net result flipped from a loss of 80.1k NOK to a profit of 217.0k NOK. Calculated
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Equity strengthened
Book equity 752.0k NOK → 2.21m NOK (equity ratio 46.9% → 46.3%). Calculated
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Owners injected capital
Paid-in equity rose 800.0k NOK → 2.04m NOK (+1.24m NOK). Reported fact
Things to notice
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Payroll increased
Salary cost 305.3k NOK → 490.2k NOK (406% → 124% of revenue). Calculated
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COGS moved
COGS / varekostnad 5 980 NOK → 78.2k NOK (+1207.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 707.4k NOK → 17.4k NOK. Reported fact