ABECO AS: årsregnskap 2004 vs 2003
Grew 721% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABECO AS. Revenue 130.1k NOK → 1.07m NOK (+720.9%). Net result +155.2k NOK → +3 141 NOK. Equity 182.1k NOK → 185.2k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABECO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 130.1k NOK to 1.07m NOK (+720.9% YoY). Calculated
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↑
Equity strengthened
Book equity 182.1k NOK → 185.2k NOK (equity ratio 85.2% → 50.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +185.7k NOK → +4 857 NOK (op. margin 142.7% → 0.5%). Calculated
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↓
Net result weakened
Net result +155.2k NOK → +3 141 NOK (net margin 119.3% → 0.3%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad -849.3k NOK → -948.5k NOK (-11.7% YoY). Calculated