3-T BYGG AS: årsregnskap 2003 vs 2002
Grew 69% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 3-T BYGG AS. Revenue 10.03m NOK → 16.95m NOK (+69.0%). Net result +235.0k NOK → +334.7k NOK. Equity 366.2k NOK → 310.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 3-T BYGG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.03m NOK to 16.95m NOK (+69.0% YoY). Calculated
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↑
Operating result improved
Operating result +403.1k NOK → +477.0k NOK (op. margin 4.0% → 2.8%). Calculated
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↑
Net result improved
Net result +235.0k NOK → +334.7k NOK (net margin 2.3% → 2.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 366.2k NOK → 310.9k NOK (equity ratio 11.4% → 10.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 002 NOK → 3.81m NOK (0% → 22% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 5.67m NOK → 1.78m NOK (-68.6% YoY). Calculated