ABC STORMARKED AS: årsregnskap 2004 vs 2003
Shrank 7% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABC STORMARKED AS. Revenue 15.33m NOK → 14.32m NOK (-6.5%). Net result +31 NOK → +2.12m NOK. Equity 4.64m NOK → 4.28m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABC STORMARKED AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +31 NOK → +2.12m NOK (net margin 0.0% → 14.8%). Calculated
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Payroll decreased
Salary cost 2.28m NOK → 2.09m NOK (15% → 15% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.33m NOK to 14.32m NOK (-6.5% YoY). Calculated
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Operating result weakened
Operating result +3.92m NOK → +3.23m NOK (op. margin 25.6% → 22.6%). Calculated
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↓
Equity eroded
Book equity 4.64m NOK → 4.28m NOK (equity ratio 13.0% → 10.0%). Calculated
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Current ratio dropped below 1×
Current ratio 1.33× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 7.01m NOK → 6.69m NOK (-4.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 5.21m NOK → 445 NOK. Reported fact