AC DESIGNTECH AS: årsregnskap 2004 vs 2003
Grew 66% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AC DESIGNTECH AS. Revenue 425.6k NOK → 705.1k NOK (+65.7%). Net result +42.4k NOK → +92.0k NOK. Equity 112.4k NOK → 204.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AC DESIGNTECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 425.6k NOK to 705.1k NOK (+65.7% YoY). Calculated
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Operating result improved
Operating result +47.7k NOK → +98.2k NOK (op. margin 11.2% → 13.9%). Calculated
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Net result improved
Net result +42.4k NOK → +92.0k NOK (net margin 10.0% → 13.0%). Calculated
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Equity strengthened
Book equity 112.4k NOK → 204.4k NOK (equity ratio 22.4% → 35.3%). Calculated
Things to notice
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Payroll increased
Salary cost 8 000 NOK → 60.4k NOK (2% → 9% of revenue). Calculated
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COGS fell
COGS / varekostnad 192.6k NOK → 18.3k NOK (-90.5% YoY). Calculated