AICON AS: årsregnskap 2004 vs 2003
Grew 6% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AICON AS. Revenue 2.20m NOK → 2.34m NOK (+6.5%). Net result +101.0k NOK → +44.4k NOK. Equity 160.9k NOK → 433.5k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for AICON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.20m NOK to 2.34m NOK (+6.5% YoY). Calculated
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↑
Equity strengthened
Book equity 160.9k NOK → 433.5k NOK (equity ratio 32.8% → 57.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.75× → 2.36×. Calculated
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↑
Payroll decreased
Salary cost 1.11m NOK → 1.06m NOK (50% → 45% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +90.5k NOK → +63.4k NOK (op. margin 4.1% → 2.7%). Calculated
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↓
Net result weakened
Net result +101.0k NOK → +44.4k NOK (net margin 4.6% → 1.9%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 150.0k NOK → 700 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 728.3k NOK → 890.6k NOK (+22.3% YoY). Calculated