ABORA PROSJEKT AS: årsregnskap 2004 vs 2003
Grew 45% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABORA PROSJEKT AS. Revenue 11.55m NOK → 16.72m NOK (+44.8%). Net result +607.8k NOK → +371.0k NOK. Equity 458.6k NOK → 571.6k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABORA PROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.55m NOK to 16.72m NOK (+44.8% YoY). Calculated
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↑
Equity strengthened
Book equity 458.6k NOK → 571.6k NOK (equity ratio 15.2% → 10.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +887.8k NOK → +252.3k NOK (op. margin 7.7% → 1.5%). Calculated
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↓
Net result weakened
Net result +607.8k NOK → +371.0k NOK (net margin 5.3% → 2.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.72m NOK → 5.37m NOK (32% → 32% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 6.10m NOK → 7.86m NOK (+28.9% YoY). Calculated