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Org.nr 971 587 202 2003 → 2004 Year-over-year analysis

ACER COMPUTER NORWAY AS: årsregnskap 2004 vs 2003

Shrank 67% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ACER COMPUTER NORWAY AS. Revenue 84.33m NOK → 28.22m NOK (-66.5%). Net result +10.19m NOK → +2.26m NOK. Equity 23.06m NOK → 25.32m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACER COMPUTER NORWAY AS.

At a glance

Scorecard

Revenue
84.33m NOK 28.22m NOK
-66.5%
Operating result
+14.69m NOK +3.19m NOK
-78.2%
Net result
+10.19m NOK +2.26m NOK
-77.8%
Equity
23.06m NOK 25.32m NOK
+9.8%
Total assets
33.64m NOK 31.22m NOK
-7.2%

What improved

  • ↑

    Equity strengthened

    Book equity 23.06m NOK → 25.32m NOK (equity ratio 68.6% → 81.1%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 84.33m NOK to 28.22m NOK (-66.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +14.69m NOK → +3.19m NOK (op. margin 17.4% → 11.3%). Calculated

  • ↓

    Net result weakened

    Net result +10.19m NOK → +2.26m NOK (net margin 12.1% → 8.0%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 9.11m NOK → 11.44m NOK (11% → 41% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 53.78m NOK → 6.46m NOK (-88.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 320.9k NOK → 380.3k NOK. Reported fact