2TAL AS: årsregnskap 2003 vs 2002
Shrank 13% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 2TAL AS. Revenue 17.91m NOK → 15.66m NOK (-12.6%). Net result +54.0k NOK → +203.2k NOK. Equity 608.4k NOK → 711.7k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for 2TAL AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +170.4k NOK → +407.2k NOK (op. margin 1.0% → 2.6%). Calculated
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↑
Net result improved
Net result +54.0k NOK → +203.2k NOK (net margin 0.3% → 1.3%). Calculated
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↑
Equity strengthened
Book equity 608.4k NOK → 711.7k NOK (equity ratio 11.5% → 21.4%). Calculated
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↑
Payroll decreased
Salary cost 7.69m NOK → 6.35m NOK (43% → 41% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.91m NOK to 15.66m NOK (-12.6% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 600 NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 8.13m NOK → 7.12m NOK (-12.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 25.0k NOK → 0 NOK. Reported fact