ADVANCED MACHINE COMPANY AS: årsregnskap 2005 vs 2004
Grew 81% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADVANCED MACHINE COMPANY AS. Revenue 6.25m NOK → 11.31m NOK (+80.8%). Net result +476.4k NOK → +350.7k NOK. Equity 63.4k NOK → 414.1k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVANCED MACHINE COMPANY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.25m NOK to 11.31m NOK (+80.8% YoY). Calculated
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↑
Operating result improved
Operating result +249.9k NOK → +492.1k NOK (op. margin 4.0% → 4.4%). Calculated
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↑
Equity strengthened
Book equity 63.4k NOK → 414.1k NOK (equity ratio 0.9% → 10.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.96× → 1.02×. Calculated
What deteriorated
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↓
Net result weakened
Net result +476.4k NOK → +350.7k NOK (net margin 7.6% → 3.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.69m NOK → 1.95m NOK (27% → 17% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.38m NOK → 6.97m NOK (+29.4% YoY). Calculated