3 PRO, PROFESJONELL PROTOTYP OG PODUKTUTVIKLING AS: årsregnskap 2003 vs 2002
Grew 18% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 3 PRO, PROFESJONELL PROTOTYP OG PODUKTUTVIKLING AS. Revenue 1.00m NOK → 1.18m NOK (+17.7%). Net result +668.5k NOK → +374.5k NOK. Equity 303.3k NOK → 677.8k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 3 PRO, PROFESJONELL PROTOTYP OG PODUKTUTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.00m NOK to 1.18m NOK (+17.7% YoY). Calculated
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↑
Equity strengthened
Book equity 303.3k NOK → 677.8k NOK (equity ratio 51.9% → 18.8%). Calculated
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↑
Cash rose
Bank deposits 118.9k NOK → 227.2k NOK (+91.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +767.3k NOK → +294.5k NOK (op. margin 76.4% → 24.9%). Calculated
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↓
Net result weakened
Net result +668.5k NOK → +374.5k NOK (net margin 66.6% → 31.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.07m NOK → 6.26m NOK (107% → 530% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 41.7k NOK → 72.6k NOK (+74.0% YoY). Calculated