AKERSHUS HANDELSSELSKAP AS: årsregnskap 2004 vs 2003
Grew 30% on revenue, stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AKERSHUS HANDELSSELSKAP AS. Revenue 373.4k NOK → 485.2k NOK (+29.9%). Net result +2 533 NOK → +819.5k NOK. Equity 6.31m NOK → 6.29m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKERSHUS HANDELSSELSKAP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 373.4k NOK to 485.2k NOK (+29.9% YoY). Calculated
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Operating result improved
Operating result +1 163 NOK → +53.5k NOK (op. margin 0.3% → 11.0%). Calculated
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Net result improved
Net result +2 533 NOK → +819.5k NOK (net margin 0.7% → 168.9%). Calculated
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Owners injected capital
Paid-in equity rose 250.0k NOK → 6.25m NOK (+6.00m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 6.31m NOK → 6.29m NOK (equity ratio 52.5% → 49.0%). Calculated
Things to notice
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Payroll increased
Salary cost 0 NOK → 107.3k NOK (0% → 22% of revenue). Calculated
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COGS fell
COGS / varekostnad 72.5k NOK → 40.4k NOK (-44.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 2.30m NOK → 4.03m NOK. Reported fact