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Org.nr 853 040 592 2003 → 2004 Year-over-year analysis

AIRCOIL AS: årsregnskap 2004 vs 2003

Stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for AIRCOIL AS. Revenue 11.63m NOK → 11.53m NOK (-0.8%). Net result +611.5k NOK → +914.8k NOK. Equity 1.01m NOK → 528.2k NOK.

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

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

At a glance

Scorecard

Revenue
11.63m NOK 11.53m NOK
-0.8%
Operating result
+854.1k NOK +263.8k NOK
-69.1%
Net result
+611.5k NOK +914.8k NOK
+49.6%
Equity
1.01m NOK 528.2k NOK
-47.9%
Total assets
3.81m NOK 2.79m NOK
-26.8%

What improved

  • ↑

    Net result improved

    Net result +611.5k NOK → +914.8k NOK (net margin 5.3% → 7.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.63m NOK to 11.53m NOK (-0.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +854.1k NOK → +263.8k NOK (op. margin 7.3% → 2.3%). Calculated

  • ↓

    Equity eroded

    Book equity 1.01m NOK → 528.2k NOK (equity ratio 26.6% → 18.9%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.04m NOK → 2.09m NOK (18% → 18% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 8.22m NOK → 8.01m NOK (-2.6% YoY). Calculated