ABCGRAFISK AS: årsregnskap 2004 vs 2003
Grew 13% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABCGRAFISK AS. Revenue 2.69m NOK → 3.06m NOK (+13.5%). Net result +79.4k NOK → +298.2k NOK. Equity 341.5k NOK → 451.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABCGRAFISK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.69m NOK to 3.06m NOK (+13.5% YoY). Calculated
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Operating result improved
Operating result +242.4k NOK → +360.5k NOK (op. margin 9.0% → 11.8%). Calculated
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Net result improved
Net result +79.4k NOK → +298.2k NOK (net margin 2.9% → 9.8%). Calculated
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Equity strengthened
Book equity 341.5k NOK → 451.1k NOK (equity ratio 16.5% → 19.6%). Calculated
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Cash rose
Bank deposits 330.4k NOK → 452.6k NOK (+37.0% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.23× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 848.8k NOK → 913.3k NOK (+7.6% YoY). Calculated