AIWELL AS: årsregnskap 2004 vs 2003
Grew 41% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AIWELL AS. Revenue 5.73m NOK → 8.08m NOK (+41.1%). Net result +100.4k NOK → +2.08m NOK. Equity 335.5k NOK → 523.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AIWELL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.73m NOK to 8.08m NOK (+41.1% YoY). Calculated
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Operating result improved
Operating result +659.9k NOK → +3.05m NOK (op. margin 11.5% → 37.8%). Calculated
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Net result improved
Net result +100.4k NOK → +2.08m NOK (net margin 1.8% → 25.7%). Calculated
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Equity strengthened
Book equity 335.5k NOK → 523.8k NOK (equity ratio 10.5% → 10.0%). Calculated
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Payroll decreased
Salary cost 970.3k NOK → 1 182 NOK (17% → 0% of revenue). Calculated
Things to notice
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COGS moved
COGS / varekostnad 2.10m NOK → 2.72m NOK (+30.0% YoY). Calculated