A/S SØRENSEN OG BALCHEN: årsregnskap 2004 vs 2003
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A/S SØRENSEN OG BALCHEN. Revenue 1.31bn NOK → 1.32bn NOK (+0.6%). Net result +35.82m NOK → +40.51m NOK. Equity 208.33m NOK → 200.84m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for A/S SØRENSEN OG BALCHEN.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.31bn NOK to 1.32bn NOK (+0.6% YoY). Calculated
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↑
Operating result improved
Operating result +45.76m NOK → +48.01m NOK (op. margin 3.5% → 3.6%). Calculated
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↑
Net result improved
Net result +35.82m NOK → +40.51m NOK (net margin 2.7% → 3.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 208.33m NOK → 200.84m NOK (equity ratio 69.6% → 59.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 38.39m NOK → 40.33m NOK (3% → 3% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 199.68m NOK → 204.48m NOK (+2.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.25m NOK → 1.09m NOK. Reported fact