AICON AS: årsregnskap 2005 vs 2004
Stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AICON AS. Revenue 2.34m NOK → 2.40m NOK (+2.6%). Net result +44.4k NOK → +161.2k NOK. Equity 433.5k NOK → 272.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; 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 2.34m NOK to 2.40m NOK (+2.6% YoY). Calculated
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↑
Operating result improved
Operating result +63.4k NOK → +324.2k NOK (op. margin 2.7% → 13.5%). Calculated
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↑
Net result improved
Net result +44.4k NOK → +161.2k NOK (net margin 1.9% → 6.7%). Calculated
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↑
Owners injected capital
Paid-in equity rose 700 NOK → 700.0k NOK (+699.3k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 433.5k NOK → 272.3k NOK (equity ratio 57.6% → 32.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.06m NOK → 1.11m NOK (45% → 46% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 890.6k NOK → 962.4k NOK (+8.1% YoY). Calculated