Org.nr 982 228 220 2003 → 2004 Year-over-year analysis

AIRGENIC AS: årsregnskap 2004 vs 2003

Grew 11% on revenue, cash halved-plus

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for AIRGENIC AS. Revenue 5.85m NOK → 6.48m NOK (+10.8%). Equity 2.09m NOK → 1.98m NOK.

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

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

At a glance

Revenue

5.85m NOK 6.48m NOK

+10.8%

Operating result

-1.03m NOK -244.1k NOK

+76.3%

Equity

2.09m NOK 1.98m NOK

-5.0%

Cash

536.1k NOK 172.9k NOK

-67.8%

Total assets

2.64m NOK 760.9k NOK

-71.1%

↑
Revenue rose

Operating income / revenue moved from 5.85m NOK to 6.48m NOK (+10.8% YoY). Calculated
↑
Operating result improved

Operating result -1.03m NOK → -244.1k NOK (op. margin -17.6% → -3.8%). Calculated

↓
Equity eroded

Book equity 2.09m NOK → 1.98m NOK (equity ratio 79.2% → 260.3%). Calculated
↓
Cash fell

Bank deposits 536.1k NOK → 172.9k NOK (-67.8% YoY). Calculated

·
Payroll increased

Salary cost 2 003 NOK → 2.83m NOK (0% → 44% of revenue). Calculated
·
COGS moved

COGS / varekostnad 1.81m NOK → 2.13m NOK (+17.5% YoY). Calculated