AJOUR GRAFISK AS: årsregnskap 2004 vs 2003
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AJOUR GRAFISK AS. Revenue 8.82m NOK → 8.52m NOK (-3.4%). Net result +563.2k NOK → +775.0k NOK. Equity 327.0k NOK → 248.0k NOK.
On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AJOUR GRAFISK AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +563.2k NOK → +775.0k NOK (net margin 6.4% → 9.1%). Calculated
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↑
Cash rose
Bank deposits 310.5k NOK → 1.14m NOK (+265.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.92× → 1.07×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.82m NOK to 8.52m NOK (-3.4% YoY). Calculated
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↓
Operating result weakened
Operating result +819.0k NOK → +86.7k NOK (op. margin 9.3% → 1.0%). Calculated
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↓
Equity eroded
Book equity 327.0k NOK → 248.0k NOK (equity ratio 14.4% → 10.0%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 390.2k NOK → 184.3k NOK. Reported fact