ACER COMPUTER NORWAY AS: årsregnskap 2005 vs 2004
Grew 43% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ACER COMPUTER NORWAY AS. Revenue 28.22m NOK → 40.30m NOK (+42.8%). Net result +2.26m NOK → +1.43m NOK. Equity 25.32m NOK → 8.03m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: net result weakened; equity eroded.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ACER COMPUTER NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 28.22m NOK to 40.30m NOK (+42.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 11.44m NOK → 4 NOK (41% → 0% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +2.26m NOK → +1.43m NOK (net margin 8.0% → 3.5%). Calculated
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↓
Equity eroded
Book equity 25.32m NOK → 8.03m NOK (equity ratio 81.1% → 48.3%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 6.46m NOK → 8.79m NOK (+36.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 380.3k NOK → 384.6k NOK. Reported fact