ADMINISTRATIV REGNSKAPSSERVICE AS: årsregnskap 2004 vs 2003
Grew 10% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADMINISTRATIV REGNSKAPSSERVICE AS. Revenue 3.21m NOK → 3.52m NOK (+9.7%). Net result +275.9k NOK → +122.9k NOK. Equity 111.2k NOK → 110.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMINISTRATIV REGNSKAPSSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.21m NOK to 3.52m NOK (+9.7% YoY). Calculated
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↑
Cash rose
Bank deposits 96.0k NOK → 219.3k NOK (+128.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +387.0k NOK → +170.9k NOK (op. margin 12.1% → 4.9%). Calculated
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↓
Net result weakened
Net result +275.9k NOK → +122.9k NOK (net margin 8.6% → 3.5%). Calculated
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↓
Equity eroded
Book equity 111.2k NOK → 110.2k NOK (equity ratio 11.3% → 11.2%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 221.7k NOK → 70.9k NOK. Reported fact