AGRONOR AS: årsregnskap 2004 vs 2003
Grew 34% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AGRONOR AS. Revenue 1.29m NOK → 1.73m NOK (+33.9%). Equity 509.4k NOK → 487.0k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for AGRONOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.29m NOK to 1.73m NOK (+33.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 73.5k NOK → 65.2k NOK (6% → 4% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +71.4k NOK → +44.4k NOK (op. margin 5.5% → 2.6%). Calculated
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↓
Equity eroded
Book equity 509.4k NOK → 487.0k NOK (equity ratio 60.7% → 60.7%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 621.3k NOK → 986.2k NOK (+58.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 300 NOK → 300.3k NOK. Reported fact