A SÆTHER COMPAGNIET AS: årsregnskap 2004 vs 2003
Grew 10% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A SÆTHER COMPAGNIET AS. Revenue 825.0k NOK → 905.9k NOK (+9.8%). Net result +181.7k NOK → +84.4k NOK. Equity 423.4k NOK → 507.8k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A SÆTHER COMPAGNIET AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 825.0k NOK to 905.9k NOK (+9.8% YoY). Calculated
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↑
Equity strengthened
Book equity 423.4k NOK → 507.8k NOK (equity ratio 33.6% → 39.3%). Calculated
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↑
Payroll decreased
Salary cost 3.46m NOK → 696.3k NOK (419% → 77% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +222.4k NOK → +102.3k NOK (op. margin 27.0% → 11.3%). Calculated
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↓
Net result weakened
Net result +181.7k NOK → +84.4k NOK (net margin 22.0% → 9.3%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 50.0k NOK → 1.05m NOK. Reported fact