ACCENDO PRODUKTUTVIKLING AS: årsregnskap 2004 vs 2003
Grew 29% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ACCENDO PRODUKTUTVIKLING AS. Revenue 1.62m NOK → 2.10m NOK (+29.3%). Equity 202.2k NOK → 142.0k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ACCENDO PRODUKTUTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.62m NOK to 2.10m NOK (+29.3% YoY). Calculated
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↑
Operating result improved
Operating result +134.8k NOK → +191.2k NOK (op. margin 8.3% → 9.1%). Calculated
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↑
Payroll decreased
Salary cost 4.67m NOK → 778.2k NOK (288% → 37% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 202.2k NOK → 142.0k NOK (equity ratio 40.2% → 22.2%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 217.6k NOK → 499.0k NOK (+129.3% YoY). Calculated