FirmaIQ
Org.nr 917 997 500 2003 → 2004 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2004 vs 2003

Weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for AIR PRODUCTS AS. Revenue 179.35m NOK → 179.59m NOK (+0.1%). Net result +6.50m NOK → +519.3k NOK. Equity 65.47m NOK → 65.99m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIR PRODUCTS AS.

At a glance

Scorecard

Revenue
179.35m NOK 179.59m NOK
+0.1%
Operating result
+7.98m NOK +761.1k NOK
-90.5%
Net result
+6.50m NOK +519.3k NOK
-92.0%
Equity
65.47m NOK 65.99m NOK
+0.8%
Total assets
118.18m NOK 115.07m NOK
-2.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 179.35m NOK to 179.59m NOK (+0.1% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 65.47m NOK → 65.99m NOK (equity ratio 55.4% → 57.3%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +7.98m NOK → +761.1k NOK (op. margin 4.5% → 0.4%). Calculated

  • ↓

    Net result weakened

    Net result +6.50m NOK → +519.3k NOK (net margin 3.6% → 0.3%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 4 NOK → 41.07m NOK (0% → 23% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 3.13bn NOK → 3.13bn NOK (+0.0% YoY). Calculated