AGENTUR ROALD KVERNELAND AS: årsregnskap 2004 vs 2003
Grew 75% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AGENTUR ROALD KVERNELAND AS. Revenue 1.76m NOK → 3.08m NOK (+75.3%). Net result +39.9k NOK → -82.0k NOK. Equity 722.1k NOK → 640.1k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGENTUR ROALD KVERNELAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.76m NOK to 3.08m NOK (+75.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.77×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +73.7k NOK → -88.7k NOK (op. margin 4.2% → -2.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 39.9k NOK profit to a loss of 82.0k NOK. Calculated
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↓
Equity eroded
Book equity 722.1k NOK → 640.1k NOK. Calculated
Things to notice
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·
Payroll increased
Salary cost 29.9k NOK → 2.22m NOK (2% → 72% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.24m NOK → 2.42m NOK (+94.1% YoY). Calculated