AKADEMIET VGS ÅLESUND AS: årsregnskap 2004 vs 2003
Shrank 6% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AKADEMIET VGS ÅLESUND AS. Revenue 6.41m NOK → 6.02m NOK (-6.0%). Net result +73.4k NOK → +125.6k NOK. Equity 222.9k NOK → 348.5k NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AKADEMIET VGS ÅLESUND AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +73.4k NOK → +125.6k NOK (net margin 1.1% → 2.1%). Calculated
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↑
Equity strengthened
Book equity 222.9k NOK → 348.5k NOK (equity ratio 6.4% → 10.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.41m NOK to 6.02m NOK (-6.0% YoY). Calculated
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↓
Cash fell
Bank deposits 1.70m NOK → 892.2k NOK (-47.5% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 1 NOK → 3.40m NOK (+340123100.0% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 6 030 NOK → 29.2k NOK. Reported fact