ABACUS ØKONOMITJENESTER AS: årsregnskap 2004 vs 2003
Grew 18% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABACUS ØKONOMITJENESTER AS. Revenue 2.15m NOK → 2.54m NOK (+17.9%). Net result +101.2k NOK → +187.5k NOK. Equity 180.3k NOK → 171.9k 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: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABACUS ØKONOMITJENESTER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.15m NOK to 2.54m NOK (+17.9% YoY). Calculated
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↑
Operating result improved
Operating result +138.5k NOK → +270.3k NOK (op. margin 6.4% → 10.7%). Calculated
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↑
Net result improved
Net result +101.2k NOK → +187.5k NOK (net margin 4.7% → 7.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 180.3k NOK → 171.9k NOK (equity ratio 30.3% → 50.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.24× → 0.65× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.45m NOK → 1.57m NOK (67% → 62% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 66.2k NOK → 94.1k NOK (+42.1% YoY). Calculated