AKERSVEIEN 19 AS: årsregnskap 2004 vs 2003
Grew 20% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AKERSVEIEN 19 AS. Revenue 786.7k NOK → 943.4k NOK (+19.9%). Net result +332.8k NOK → +439.7k NOK. Equity 692.5k NOK → 454.2k NOK.
On the constructive side: revenue rose; net result improved; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for AKERSVEIEN 19 AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 786.7k NOK to 943.4k NOK (+19.9% YoY). Calculated
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↑
Net result improved
Net result +332.8k NOK → +439.7k NOK (net margin 42.3% → 46.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.97× → 4.01×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 692.5k NOK → 454.2k NOK (equity ratio 47.8% → 30.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 40.5k NOK → 67.1k NOK (5% → 7% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 100 NOK → 223.7k NOK. Reported fact