ADVACO AS: årsregnskap 2004 vs 2003
Grew 26% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVACO AS. Revenue 1.11m NOK → 1.40m NOK (+25.9%). Net result +37.6k NOK → +82.3k NOK. Equity 148.6k NOK → 151.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVACO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.11m NOK to 1.40m NOK (+25.9% YoY). Calculated
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Operating result improved
Operating result +79.1k NOK → +129.5k NOK (op. margin 7.1% → 9.2%). Calculated
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Net result improved
Net result +37.6k NOK → +82.3k NOK (net margin 3.4% → 5.9%). Calculated
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Equity strengthened
Book equity 148.6k NOK → 151.0k NOK (equity ratio 10.7% → 13.8%). Calculated
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Payroll decreased
Salary cost 1.24m NOK → 57.2k NOK (111% → 4% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 619.7k NOK → 160.2k NOK (-74.1% YoY). Calculated