A2G VIDERE AS: årsregnskap 2004 vs 2003
Grew 13% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A2G VIDERE AS. Revenue 9.07m NOK → 10.25m NOK (+13.0%). Net result +606.3k NOK → +739.3k NOK. Equity 484.6k NOK → 502.0k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A2G VIDERE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.07m NOK to 10.25m NOK (+13.0% YoY). Calculated
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↑
Net result improved
Net result +606.3k NOK → +739.3k NOK (net margin 6.7% → 7.2%). Calculated
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↑
Equity strengthened
Book equity 484.6k NOK → 502.0k NOK (equity ratio 10.7% → 10.2%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +908.7k NOK → +72.0k NOK (op. margin 10.0% → 0.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.76× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 3.08m NOK → 3.19m NOK (34% → 31% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.69m NOK → 4.29m NOK (+16.2% YoY). Calculated