ABACOM AS: årsregnskap 2004 vs 2003
Grew 17% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABACOM AS. Revenue 5.09m NOK → 5.94m NOK (+16.8%). Net result +774.6k NOK → +6 832 NOK. Equity 495.0k NOK → 335.8k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: net result weakened; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABACOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.09m NOK to 5.94m NOK (+16.8% YoY). Calculated
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↑
Operating result improved
Operating result +39.3k NOK → +1.40m NOK (op. margin 0.8% → 23.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.31× → 1.06×. Calculated
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↑
Payroll decreased
Salary cost 597.4k NOK → 287.9k NOK (12% → 5% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +774.6k NOK → +6 832 NOK (net margin 15.2% → 0.1%). Calculated
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↓
Equity eroded
Book equity 495.0k NOK → 335.8k NOK (equity ratio 57.8% → 10.0%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 742.4k NOK → 2.10m NOK (+182.6% YoY). Calculated