ABRY DESIGN AS: årsregnskap 2004 vs 2003
Grew 7% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ABRY DESIGN AS. Revenue 3.00m NOK → 3.22m NOK (+7.2%). Net result -91.1k NOK → -41.7k NOK. Equity 690.4k NOK → 648.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ABRY DESIGN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.00m NOK to 3.22m NOK (+7.2% YoY). Calculated
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Operating result improved
Operating result +56.9k NOK → +87.5k NOK (op. margin 1.9% → 2.7%). Calculated
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Net result improved
Net result -91.1k NOK → -41.7k NOK (net margin -3.0% → -1.3%). Calculated
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Payroll decreased
Salary cost 2.23m NOK → 2.08m NOK (74% → 65% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 690.4k NOK → 648.7k NOK (equity ratio 17.9% → 19.0%). Calculated
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↓
Cash fell
Bank deposits 101.3k NOK → 70.4k NOK (-30.5% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 48.3k NOK → 69.0k NOK (+42.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 959.5k NOK → 909.5k NOK. Reported fact