AJBAS AS: årsregnskap 2004 vs 2003
Shrank 16% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AJBAS AS. Revenue 3.05m NOK → 2.58m NOK (-15.6%). Net result +83.0k NOK → +33.5k NOK. Equity 194.6k NOK → 464.1k NOK.
On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AJBAS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 194.6k NOK → 464.1k NOK (equity ratio 4.8% → 31.2%). Calculated
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↑
Owners injected capital
Paid-in equity rose 154.0k NOK → 455.0k NOK (+301.0k NOK). Reported fact
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↑
Payroll decreased
Salary cost 645.0k NOK → 586.5k NOK (21% → 23% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.05m NOK to 2.58m NOK (-15.6% YoY). Calculated
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↓
Operating result weakened
Operating result +478.7k NOK → +41.3k NOK (op. margin 15.7% → 1.6%). Calculated
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↓
Net result weakened
Net result +83.0k NOK → +33.5k NOK (net margin 2.7% → 1.3%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.76m NOK → 1.49m NOK (-15.2% YoY). Calculated