ADMINS AS: årsregnskap 2004 vs 2003
Grew 8% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADMINS AS. Revenue 3.67m NOK → 3.98m NOK (+8.3%). Net result +327.8k NOK → +554.2k NOK. Equity 144.8k NOK → 164.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADMINS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.67m NOK to 3.98m NOK (+8.3% YoY). Calculated
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Operating result improved
Operating result +433.9k NOK → +997.1k NOK (op. margin 11.8% → 25.1%). Calculated
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Net result improved
Net result +327.8k NOK → +554.2k NOK (net margin 8.9% → 13.9%). Calculated
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Equity strengthened
Book equity 144.8k NOK → 164.0k NOK (equity ratio 12.2% → 25.9%). Calculated
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Payroll decreased
Salary cost 1.90m NOK → 1.46m NOK (52% → 37% of revenue). Calculated
Things to notice
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COGS moved
COGS / varekostnad 742.4k NOK → 904.4k NOK (+21.8% YoY). Calculated