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Org.nr 936 534 112 2002 → 2003 Year-over-year analysis

2 BRØDRE HOLDING AS: årsregnskap 2003 vs 2002

Stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for 2 BRØDRE HOLDING AS. Revenue 76.94m NOK → 74.05m NOK (-3.8%). Net result +4.05m NOK → +5.04m NOK. Equity 30.72m NOK → 20.76m NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2 BRØDRE HOLDING AS.

At a glance

Scorecard

Revenue
76.94m NOK 74.05m NOK
-3.8%
Operating result
+7.29m NOK +8.61m NOK
+18.1%
Net result
+4.05m NOK +5.04m NOK
+24.4%
Equity
30.72m NOK 20.76m NOK
-32.4%
Total assets
72.59m NOK 76.43m NOK
+5.3%

What improved

  • ↑

    Operating result improved

    Operating result +7.29m NOK → +8.61m NOK (op. margin 9.5% → 11.6%). Calculated

  • ↑

    Net result improved

    Net result +4.05m NOK → +5.04m NOK (net margin 5.3% → 6.8%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 76.94m NOK to 74.05m NOK (-3.8% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 30.72m NOK → 20.76m NOK (equity ratio 42.3% → 27.2%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 47.94m NOK → 45.84m NOK (-4.4% YoY). Calculated