FirmaIQ
Org.nr 933 541 835 2003 → 2004 Year-over-year analysis

AJ PRODUKTER AS: årsregnskap 2004 vs 2003

Grew 30% on revenue, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for AJ PRODUKTER AS. Revenue 49.81m NOK → 64.77m NOK (+30.0%). Equity 4.39m NOK → 5.28m NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.

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

At a glance

Scorecard

Revenue
49.81m NOK 64.77m NOK
+30.0%
Operating result
+742.1k NOK +755.3k NOK
+1.8%
Equity
4.39m NOK 5.28m NOK
+20.3%
Cash
5.17m NOK 2.08m NOK
-59.8%
Total assets
16.80m NOK 19.75m NOK
+17.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 49.81m NOK to 64.77m NOK (+30.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +742.1k NOK → +755.3k NOK (op. margin 1.5% → 1.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.39m NOK → 5.28m NOK (equity ratio 26.1% → 26.7%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 5.17m NOK → 2.08m NOK (-59.8% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.25× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2.15m NOK → 2.26m NOK (4% → 3% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 42.53m NOK → 54.94m NOK (+29.2% YoY). Calculated