FirmaIQ
Org.nr 980 285 197 2003 → 2004 Year-over-year analysis

AIR & ROAD TRANSPORT AS: årsregnskap 2004 vs 2003

Grew 35% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for AIR & ROAD TRANSPORT AS. Revenue 15.41m NOK → 20.81m NOK (+35.0%). Net result +855.4k NOK → +945.2k NOK. Equity 1.54m NOK → 1.49m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIR & ROAD TRANSPORT AS.

At a glance

Scorecard

Revenue
15.41m NOK 20.81m NOK
+35.0%
Operating result
+1.13m NOK +1.33m NOK
+17.1%
Net result
+855.4k NOK +945.2k NOK
+10.5%
Equity
1.54m NOK 1.49m NOK
-3.6%
Total assets
4.18m NOK 6.09m NOK
+45.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 15.41m NOK to 20.81m NOK (+35.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.13m NOK → +1.33m NOK (op. margin 7.3% → 6.4%). Calculated

  • ↑

    Net result improved

    Net result +855.4k NOK → +945.2k NOK (net margin 5.5% → 4.5%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.54m NOK → 1.49m NOK (equity ratio 36.8% → 24.4%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.78m NOK → 2.23m NOK (12% → 11% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 11.08m NOK → 15.52m NOK (+40.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 513.3k NOK → 513 NOK. Reported fact