AGG INVEST AS: årsregnskap 2004 vs 2003
Grew 43% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AGG INVEST AS. Revenue 1.78m NOK → 2.55m NOK (+43.4%). Net result +60.7k NOK → +573.2k NOK. Equity 349.8k NOK → 256.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for AGG INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.78m NOK to 2.55m NOK (+43.4% YoY). Calculated
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Operating result improved
Operating result +180.6k NOK → +872.0k NOK (op. margin 10.2% → 34.2%). Calculated
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Net result improved
Net result +60.7k NOK → +573.2k NOK (net margin 3.4% → 22.5%). Calculated
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Current ratio back above 1×
Current ratio 0.47× → 6.61×. Calculated
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Payroll decreased
Salary cost 468.6k NOK → 457.7k NOK (26% → 18% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 349.8k NOK → 256.0k NOK (equity ratio 19.4% → 10.0%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 668.3k NOK → 680.9k NOK (+1.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 173.7k NOK → 6 240 NOK. Reported fact