AGRAF AS: årsregnskap 2004 vs 2003
Grew 301% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AGRAF AS. Revenue 3.11m NOK → 12.48m NOK (+300.7%). Net result +294.0k NOK → +423.3k NOK. Equity 380.2k NOK → 512.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGRAF AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.11m NOK to 12.48m NOK (+300.7% YoY). Calculated
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Operating result improved
Operating result +628.7k NOK → +941.4k NOK (op. margin 20.2% → 7.5%). Calculated
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Net result improved
Net result +294.0k NOK → +423.3k NOK (net margin 9.4% → 3.4%). Calculated
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Equity strengthened
Book equity 380.2k NOK → 512.1k NOK. Calculated
Things to notice
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Payroll increased
Salary cost 515.1k NOK → 526.4k NOK (17% → 4% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.36m NOK → 10.41m NOK (+666.1% YoY). Calculated