ACCELERA AS: årsregnskap 2004 vs 2003
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACCELERA AS. Revenue 3.55m NOK → 3.61m NOK (+1.7%). Net result +272.5k NOK → +492.2k NOK. Equity 143.3k NOK → 141.5k 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 ACCELERA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.55m NOK to 3.61m NOK (+1.7% YoY). Calculated
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↑
Operating result improved
Operating result +118.7k NOK → +699.6k NOK (op. margin 3.3% → 19.4%). Calculated
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↑
Net result improved
Net result +272.5k NOK → +492.2k NOK (net margin 7.7% → 13.6%). Calculated
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↑
Payroll decreased
Salary cost 1.32m NOK → 1.14m NOK (37% → 32% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 143.3k NOK → 141.5k NOK (equity ratio 10.0% → 10.1%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 548.2k NOK → 981.0k NOK (+79.0% YoY). Calculated