AKERSHUS MOTOR AS: årsregnskap 2004 vs 2003
Grew 7% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AKERSHUS MOTOR AS. Revenue 23.38m NOK → 25.09m NOK (+7.3%). Net result +350.6k NOK → +677.6k NOK. Equity 428.7k NOK → 666.3k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AKERSHUS MOTOR AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 23.38m NOK to 25.09m NOK (+7.3% YoY). Calculated
-
↑
Net result improved
Net result +350.6k NOK → +677.6k NOK (net margin 1.5% → 2.7%). Calculated
-
↑
Equity strengthened
Book equity 428.7k NOK → 666.3k NOK (equity ratio 15.0% → 21.8%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +501.4k NOK → +66.6k NOK (op. margin 2.1% → 0.3%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 1.99m NOK → 2.05m NOK (9% → 8% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 18.93m NOK → 20.30m NOK (+7.2% YoY). Calculated