HÅBJØRG INVEST AS: årsregnskap 2004 vs 2003
Grew 23% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for HÅBJØRG INVEST AS. Revenue 185.0k NOK → 226.8k NOK (+22.6%). Net result -14.0k NOK → -3 612 NOK. Equity 41.1k NOK → 37.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for HÅBJØRG INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 185.0k NOK to 226.8k NOK (+22.6% YoY). Calculated
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↑
Operating result improved
Operating result -14.0k NOK → -3 041 NOK (op. margin -7.6% → -1.3%). Calculated
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↑
Net result improved
Net result -14.0k NOK → -3 612 NOK (net margin -7.6% → -1.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.78× → 1.07×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 41.1k NOK → 37.5k NOK (equity ratio 50.0% → 62.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 85.1k NOK → 3.14m NOK (46% → 1383% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 27.7k NOK → 22.4k NOK (-19.2% YoY). Calculated