FirmaIQ
Org.nr 917 997 500 2004 → 2005 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2005 vs 2004

Grew 14% on revenue, slipped into loss

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for AIR PRODUCTS AS. Revenue 179.59m NOK → 204.44m NOK (+13.8%). Net result +519.3k NOK → -12.00m NOK. Equity 65.99m NOK → 61.24m NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR PRODUCTS AS.

At a glance

Scorecard

Revenue
179.59m NOK 204.44m NOK
+13.8%
Operating result
+761.1k NOK +583.9k NOK
-23.3%
Net result
+519.3k NOK -12.00m NOK
-2410.8%
Equity
65.99m NOK 61.24m NOK
-7.2%
Total assets
115.07m NOK 130.01m NOK
+13.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 179.59m NOK to 204.44m NOK (+13.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 41.07m NOK → 35.60m NOK (23% → 17% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +761.1k NOK → +583.9k NOK (op. margin 0.4% → 0.3%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 519.3k NOK profit to a loss of 12.00m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 65.99m NOK → 61.24m NOK (equity ratio 57.3% → 47.1%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 3.13bn NOK → 146.20m NOK (-95.3% YoY). Calculated