HVAL SJOKOLADEFABRIKK ASA: årsregnskap 2004 vs 2003
Returned to profit, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for HVAL SJOKOLADEFABRIKK ASA. Revenue 28.64m NOK → 29.12m NOK (+1.7%). Net result -258.6k NOK → +110.8k NOK. Equity 3.30m NOK → 11.81m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for HVAL SJOKOLADEFABRIKK ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 28.64m NOK to 29.12m NOK (+1.7% YoY). Calculated
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Operating result improved
Operating result +119.2k NOK → +150.6k NOK (op. margin 0.4% → 0.5%). Calculated
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Turned profitable
Net result flipped from a loss of 258.6k NOK to a profit of 110.8k NOK. Calculated
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Equity strengthened
Book equity 3.30m NOK → 11.81m NOK. Calculated
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Owners injected capital
Paid-in equity rose 3.30m NOK → 9.70m NOK (+6.40m NOK). Reported fact
Things to notice
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Payroll increased
Salary cost 2 003 NOK → 3.55m NOK (0% → 12% of revenue). Calculated
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COGS fell
COGS / varekostnad 17.69m NOK → 17.48m NOK (-1.2% YoY). Calculated