A SØLVBERG EIGEDOM AS: årsregnskap 2004 vs 2003
Grew 12% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A SØLVBERG EIGEDOM AS. Revenue 2.02m NOK → 2.25m NOK (+11.6%). Net result +724.8k NOK → +956.2k NOK. Equity 1.13m NOK → 5.94m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for A SØLVBERG EIGEDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.02m NOK to 2.25m NOK (+11.6% YoY). Calculated
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↑
Net result improved
Net result +724.8k NOK → +956.2k NOK (net margin 36.0% → 42.5%). Calculated
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↑
Equity strengthened
Book equity 1.13m NOK → 5.94m NOK (equity ratio 10.8% → 48.2%). Calculated
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↑
Payroll decreased
Salary cost 7.30m NOK → 99.4k NOK (362% → 4% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.14m NOK → +598.7k NOK (op. margin 56.6% → 26.6%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 300.0k NOK → 980 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 300.0k NOK → 3.31m NOK. Reported fact