AIRCRAFT ENGINEERING AS: årsregnskap 2004 vs 2003
Shrank 12% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AIRCRAFT ENGINEERING AS. Revenue 3.02m NOK → 2.64m NOK (-12.4%). Equity 600.4k NOK → 174.6k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
3.02m NOK
2.64m NOK
-12.4%
Operating result
-52.3k NOK
+86.9k NOK
+266.1%
Net result
n/m
+74.2k NOK
—
Equity
600.4k NOK
174.6k NOK
-70.9%
Total assets
1.35m NOK
376.1k NOK
-72.2%
What improved
-
↑
Operating result improved
Operating result -52.3k NOK → +86.9k NOK (op. margin -1.7% → 3.3%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.02m NOK to 2.64m NOK (-12.4% YoY). Calculated
-
↓
Equity eroded
Book equity 600.4k NOK → 174.6k NOK (equity ratio 44.4% → 46.4%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 3 NOK → 800.3k NOK (0% → 30% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 2 NOK → 1.17m NOK (+58512900.0% YoY). Calculated