FirmaIQ
Org.nr 956 602 300 2003 → 2004 Year-over-year analysis

AEX TRANSPORT AS: årsregnskap 2004 vs 2003

Grew 44% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for AEX TRANSPORT AS. Revenue 6.41m NOK → 9.22m NOK (+43.8%). Net result +111.5k NOK → +213.9k NOK. Equity 342.5k NOK → 282.4k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AEX TRANSPORT AS.

At a glance

Scorecard

Revenue
6.41m NOK 9.22m NOK
+43.8%
Operating result
+174.1k NOK +397.1k NOK
+128.0%
Net result
+111.5k NOK +213.9k NOK
+91.8%
Equity
342.5k NOK 282.4k NOK
-17.5%
Total assets
2.31m NOK 2.97m NOK
+28.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.41m NOK to 9.22m NOK (+43.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +174.1k NOK → +397.1k NOK (op. margin 2.7% → 4.3%). Calculated

  • ↑

    Net result improved

    Net result +111.5k NOK → +213.9k NOK (net margin 1.7% → 2.3%). Calculated

  • ↑

    Payroll decreased

    Salary cost 904.3k NOK → 889.7k NOK (14% → 10% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 342.5k NOK → 282.4k NOK (equity ratio 14.8% → 9.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 9.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 3.79m NOK → 5.68m NOK (+50.1% YoY). Calculated