A/S SørMek: årsregnskap 2005 vs 2004
Grew 20% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A/S SørMek. Revenue 16.05m NOK → 19.20m NOK (+19.6%). Net result -619.5k NOK → +690.9k NOK. Equity 149.5k NOK → 840.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for A/S SørMek.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 16.05m NOK to 19.20m NOK (+19.6% YoY). Calculated
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Operating result improved
Operating result -577.5k NOK → +997.0k NOK (op. margin -3.6% → 5.2%). Calculated
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Turned profitable
Net result flipped from a loss of 619.5k NOK to a profit of 690.9k NOK. Calculated
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↑
Equity strengthened
Book equity 149.5k NOK → 840.4k NOK (equity ratio 1.8% → 10.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 264.6k NOK → 231.4k NOK (-12.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 5.18m NOK → 5.33m NOK (32% → 28% of revenue). Calculated