AB PROFILERING AS: årsregnskap 2004 vs 2003
Grew 22% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AB PROFILERING AS. Revenue 1.77m NOK → 2.16m NOK (+22.2%). Net result +76.3k NOK → +98.6k NOK. Equity 271.7k NOK → 226.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for AB PROFILERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.77m NOK to 2.16m NOK (+22.2% YoY). Calculated
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↑
Operating result improved
Operating result +117.4k NOK → +128.1k NOK (op. margin 6.6% → 5.9%). Calculated
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Net result improved
Net result +76.3k NOK → +98.6k NOK (net margin 4.3% → 4.6%). Calculated
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Cash rose
Bank deposits 1 270 NOK → 17.1k NOK (+1243.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 271.7k NOK → 226.9k NOK (equity ratio 33.4% → 119.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.49× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 348.0k NOK → 748 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 819.7k NOK → 1.09m NOK (+32.4% YoY). Calculated