3B-FIBREGLASS NORWAY AS: årsregnskap 2003 vs 2002
Shrank 22% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 3B-FIBREGLASS NORWAY AS. Revenue 278.5k NOK → 217.6k NOK (-21.8%). Net result +22.1k NOK → -7 754 NOK. Equity 114.4k NOK → 104.1k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
278.5k NOK
217.6k NOK
-21.8%
Operating result
+36.3k NOK
-6 840 NOK
-118.8%
Net result
+22.1k NOK
-7 754 NOK
-135.0%
Equity
114.4k NOK
104.1k NOK
-9.0%
Total assets
289.7k NOK
282.4k NOK
-2.5%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 278.5k NOK to 217.6k NOK (-21.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +36.3k NOK → -6 840 NOK (op. margin 13.0% → -3.1%). Calculated
-
↓
Fell into a net loss
Net result flipped from 22.1k NOK profit to a loss of 7 754 NOK. Calculated
-
↓
Equity eroded
Book equity 114.4k NOK → 104.1k NOK (equity ratio 39.5% → 36.9%). Calculated