ABO MASKIN AS: årsregnskap 2004 vs 2003
Grew 41% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABO MASKIN AS. Revenue 649.6k NOK → 917.3k NOK (+41.2%). Net result +231.1k NOK → +160.9k NOK. Equity 77.8k NOK → 83.1k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABO MASKIN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 649.6k NOK to 917.3k NOK (+41.2% YoY). Calculated
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Operating result improved
Operating result +180.1k NOK → +200.1k NOK (op. margin 27.7% → 21.8%). Calculated
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Equity strengthened
Book equity 77.8k NOK → 83.1k NOK (equity ratio 13.4% → 13.7%). Calculated
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Current ratio back above 1×
Current ratio 0.74× → 1.61×. Calculated
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Payroll decreased
Salary cost 4.28m NOK → 4.24m NOK (659% → 462% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +231.1k NOK → +160.9k NOK (net margin 35.6% → 17.5%). Calculated
Things to notice
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COGS moved
COGS / varekostnad 35.3k NOK → 109.8k NOK (+211.0% YoY). Calculated