ADB-SENTERET AS: årsregnskap 2004 vs 2003
Shrank 6% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADB-SENTERET AS. Revenue 2.93m NOK → 2.77m NOK (-5.7%). Net result +282.0k NOK → +402.7k NOK. Equity 205.0k NOK → 165.4k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADB-SENTERET AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +422.2k NOK → +546.8k NOK (op. margin 14.4% → 19.8%). Calculated
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↑
Net result improved
Net result +282.0k NOK → +402.7k NOK (net margin 9.6% → 14.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.50× → 6.96×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.93m NOK to 2.77m NOK (-5.7% YoY). Calculated
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↓
Equity eroded
Book equity 205.0k NOK → 165.4k NOK (equity ratio 13.2% → 10.0%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 38.2k NOK → 7 140 NOK (-81.3% YoY). Calculated