AB TREPLEIE AS: årsregnskap 2004 vs 2003
Grew 35% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AB TREPLEIE AS. Revenue 6.09m NOK → 8.19m NOK (+34.5%). Net result +484.3k NOK → +760.0k NOK. Equity 284.3k NOK → 294.4k 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 fell. All figures are taken from the published annual accounts for AB TREPLEIE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.09m NOK to 8.19m NOK (+34.5% YoY). Calculated
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↑
Net result improved
Net result +484.3k NOK → +760.0k NOK (net margin 8.0% → 9.3%). Calculated
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↑
Equity strengthened
Book equity 284.3k NOK → 294.4k NOK (equity ratio 12.2% → 12.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +672.3k NOK → +63.8k NOK (op. margin 11.0% → 0.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.92× → 0.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2.80m NOK → 3.61m NOK (46% → 44% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 844.87m NOK → 1 425 NOK (-100.0% YoY). Calculated