FirmaIQ
Org.nr 960 514 718 2003 → 2004 Year-over-year analysis

SALMAR ASA: årsregnskap 2004 vs 2003

Returned to profit

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for SALMAR ASA. Revenue 14.37m NOK → 13.97m NOK (-2.8%). Net result -4.73m NOK → +3 040 NOK. Equity 24.82m NOK → 27.86m NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
14.37m NOK 13.97m NOK
-2.8%
Operating result
+460.0k NOK +655.6k NOK
+42.5%
Net result
-4.73m NOK +3 040 NOK
+100.1%
Equity
24.82m NOK 27.86m NOK
+12.3%
Cash
n/m 17.38m NOK
—
Total assets
531.27m NOK 475.09m NOK
-10.6%

What improved

  • ↑

    Operating result improved

    Operating result +460.0k NOK → +655.6k NOK (op. margin 3.2% → 4.7%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 4.73m NOK to a profit of 3 040 NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 24.82m NOK → 27.86m NOK (equity ratio 4.7% → 5.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 14.37m NOK to 13.97m NOK (-2.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 7.60m NOK → 7.96m NOK (53% → 57% of revenue). Calculated