AGENDEC AS: årsregnskap 2004 vs 2003
Grew 235% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AGENDEC AS. Revenue 642.8k NOK → 2.15m NOK (+234.6%). Net result +115.6k NOK → +251.2k NOK. Equity 128.4k NOK → 266.5k 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 AGENDEC AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 642.8k NOK to 2.15m NOK (+234.6% YoY). Calculated
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Operating result improved
Operating result +139.5k NOK → +205.8k NOK (op. margin 21.7% → 9.6%). Calculated
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Net result improved
Net result +115.6k NOK → +251.2k NOK (net margin 18.0% → 11.7%). Calculated
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Equity strengthened
Book equity 128.4k NOK → 266.5k NOK (equity ratio 18.7% → 27.3%). Calculated
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Payroll decreased
Salary cost 794.7k NOK → 552.3k NOK (124% → 26% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 224.7k NOK → 177.0k NOK (-21.2% YoY). Calculated