AKER RØRLEGGERBEDRIFT AS: årsregnskap 2004 vs 2003
Grew 26% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AKER RØRLEGGERBEDRIFT AS. Revenue 2.11m NOK → 2.65m NOK (+25.6%). Net result +107.9k NOK → +324.4k NOK. Equity 116.4k NOK → 107.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AKER RØRLEGGERBEDRIFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.11m NOK to 2.65m NOK (+25.6% YoY). Calculated
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↑
Operating result improved
Operating result +144.3k NOK → +449.5k NOK (op. margin 6.8% → 17.0%). Calculated
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↑
Net result improved
Net result +107.9k NOK → +324.4k NOK (net margin 5.1% → 12.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 116.4k NOK → 107.8k NOK (equity ratio 17.7% → 150.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.04× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 586.6k NOK → 644.5k NOK (28% → 24% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 947.6k NOK → 204.9k NOK (-78.4% YoY). Calculated