AIDA ELEKTRO AS: årsregnskap 2004 vs 2003
Grew 33% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AIDA ELEKTRO AS. Revenue 2.76m NOK → 3.68m NOK (+33.4%). Net result +104.5k NOK → -77.7k NOK. Equity 247.4k NOK → 169.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for AIDA ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.76m NOK to 3.68m NOK (+33.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +244.6k NOK → -67.6k NOK (op. margin 8.9% → -1.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 104.5k NOK profit to a loss of 77.7k NOK. Calculated
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↓
Equity eroded
Book equity 247.4k NOK → 169.8k NOK (equity ratio 20.4% → 10.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 6 NOK → 1.73m NOK (0% → 47% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 814.3k NOK → 222.5k NOK (-72.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 6 919 NOK → 36.9k NOK. Reported fact