AB SNEKKERN AS: årsregnskap 2004 vs 2003
Grew 43% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AB SNEKKERN AS. Revenue 3.29m NOK → 4.70m NOK (+42.8%). Equity 754.1k NOK → 301.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AB SNEKKERN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.29m NOK to 4.70m NOK (+42.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +682.6k NOK → +250.3k NOK (op. margin 20.7% → 5.3%). Calculated
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↓
Equity eroded
Book equity 754.1k NOK → 301.9k NOK (equity ratio 37.8% → 10.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.22× → 0.82× — 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 NOK → 2.49m NOK (0% → 53% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 68.1k NOK → 224.8k NOK (+229.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 17.3k NOK → 81.7k NOK. Reported fact