FirmaIQ
Org.nr 885 856 772 2003 → 2004 Year-over-year analysis

AH NOER AS: årsregnskap 2004 vs 2003

Grew 51% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for AH NOER AS. Revenue 431.8k NOK → 651.7k NOK (+50.9%). Net result +54.4k NOK → +46.1k NOK. Equity 154.4k NOK → 100.4k NOK.

On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: net result weakened; equity eroded.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
431.8k NOK 651.7k NOK
+50.9%
Operating result
+80.2k NOK +86.6k NOK
+8.1%
Net result
+54.4k NOK +46.1k NOK
-15.2%
Equity
154.4k NOK 100.4k NOK
-34.9%
Total assets
235.8k NOK 315.8k NOK
+34.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 431.8k NOK to 651.7k NOK (+50.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +80.2k NOK → +86.6k NOK (op. margin 18.6% → 13.3%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.25m NOK → 477.0k NOK (753% → 73% of revenue). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +54.4k NOK → +46.1k NOK (net margin 12.6% → 7.1%). Calculated

  • ↓

    Equity eroded

    Book equity 154.4k NOK → 100.4k NOK (equity ratio 65.5% → 31.8%). Calculated