AJOUR EIENDOMSDRIFT AS: årsregnskap 2004 vs 2003
Grew 21% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AJOUR EIENDOMSDRIFT AS. Revenue 1.40m NOK → 1.69m NOK (+20.5%). Net result +410.6k NOK → +102.8k NOK. Equity 135.4k NOK → 32.7k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AJOUR EIENDOMSDRIFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.40m NOK to 1.69m NOK (+20.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.90× → 1.42×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +160.7k NOK → -136.1k NOK (op. margin 11.5% → -8.1%). Calculated
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↓
Net result weakened
Net result +410.6k NOK → +102.8k NOK (net margin 29.4% → 6.1%). Calculated
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↓
Equity eroded
Book equity 135.4k NOK → 32.7k NOK (equity ratio 18.3% → 21.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 27.86m NOK (0% → 1652% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 138.64m NOK → 229.7k NOK (-99.8% YoY). Calculated