A/S Spilka Industri: årsregnskap 2005 vs 2004
Grew 69% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A/S Spilka Industri. Revenue 115.40m NOK → 194.98m NOK (+69.0%). Net result +26.80m NOK → +10.66m NOK. Equity 64.91m NOK → 74.44m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for A/S Spilka Industri.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 115.40m NOK to 194.98m NOK (+69.0% YoY). Calculated
-
↑
Operating result improved
Operating result +15.06m NOK → +21.88m NOK (op. margin 13.1% → 11.2%). Calculated
-
↑
Equity strengthened
Book equity 64.91m NOK → 74.44m NOK (equity ratio 47.6% → 49.9%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.83× → 1.96×. Calculated
What deteriorated
-
↓
Net result weakened
Net result +26.80m NOK → +10.66m NOK (net margin 23.2% → 5.5%). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 33.37m NOK → 69.46m NOK (+108.2% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 51.04m NOK → 49.15m NOK. Reported fact