A3 RESSURS HOLDING AS: årsregnskap 2004 vs 2003
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for A3 RESSURS HOLDING AS. Revenue 6.34m NOK → 6.48m NOK (+2.3%). Net result +626.7k NOK → +126.2k NOK. Equity 153.7k NOK → 1.28m NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for A3 RESSURS HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 6.34m NOK to 6.48m NOK (+2.3% YoY). Calculated
-
↑
Equity strengthened
Book equity 153.7k NOK → 1.28m NOK (equity ratio 7.1% → 56.0%). Calculated
-
↑
Payroll decreased
Salary cost 22.0k NOK → 2 004 NOK (0% → 0% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +612.1k NOK → +124.7k NOK (op. margin 9.7% → 1.9%). Calculated
-
↓
Net result weakened
Net result +626.7k NOK → +126.2k NOK (net margin 9.9% → 1.9%). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 326.7k NOK → 389.2k NOK (+19.1% YoY). Calculated