Org.nr 976 813 332 2002 → 2003 Year-over-year analysis

24/7 EKSPRESS AS: årsregnskap 2003 vs 2002

Shrank 17% on revenue

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for 24/7 EKSPRESS AS. Revenue 4.12m NOK → 3.41m NOK (-17.4%). Equity 351.2k NOK → 338.9k NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 24/7 EKSPRESS AS.

At a glance

Revenue

4.12m NOK 3.41m NOK

-17.4%

Operating result

-244.4k NOK -12.2k NOK

+95.0%

Equity

351.2k NOK 338.9k NOK

-3.5%

Total assets

762.7k NOK 489.0k NOK

-35.9%

↑
Operating result improved

Operating result -244.4k NOK → -12.2k NOK (op. margin -5.9% → -0.4%). Calculated
↑
Payroll decreased

Salary cost 380.8k NOK → 137.6k NOK (9% → 4% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.12m NOK to 3.41m NOK (-17.4% YoY). Calculated
↓
Equity eroded

Book equity 351.2k NOK → 338.9k NOK (equity ratio 46.0% → 69.3%). Calculated