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Org.nr 984 204 442 2003 → 2004 Year-over-year analysis

ABSYN HOLDING AS: årsregnskap 2004 vs 2003

Grew 15% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ABSYN HOLDING AS. Revenue 3.74m NOK → 4.32m NOK (+15.5%). Net result +1.12m NOK → +1.63m NOK. Equity 424.5k NOK → 333.7k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABSYN HOLDING AS.

At a glance

Scorecard

Revenue
3.74m NOK 4.32m NOK
+15.5%
Operating result
+733.1k NOK +2.28m NOK
+210.7%
Net result
+1.12m NOK +1.63m NOK
+45.1%
Equity
424.5k NOK 333.7k NOK
-21.4%
Total assets
4.34m NOK 3.33m NOK
-23.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.74m NOK to 4.32m NOK (+15.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +733.1k NOK → +2.28m NOK (op. margin 19.6% → 52.7%). Calculated

  • ↑

    Net result improved

    Net result +1.12m NOK → +1.63m NOK (net margin 29.9% → 37.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.52m NOK → 472.4k NOK (40% → 11% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 424.5k NOK → 333.7k NOK (equity ratio 9.8% → 10.0%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 253.0k NOK → 273.7k NOK (+8.2% YoY). Calculated