3D-ELEKTROSENTER AS: årsregnskap 2003 vs 2002
Weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 3D-ELEKTROSENTER AS. Revenue 20.07m NOK → 19.16m NOK (-4.5%). Net result +933.7k NOK → +325.2k NOK. Equity 930.5k NOK → 975.8k NOK.
On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 3D-ELEKTROSENTER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +1.34m NOK → +7.61m NOK (op. margin 6.7% → 39.7%). Calculated
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↑
Equity strengthened
Book equity 930.5k NOK → 975.8k NOK (equity ratio 10.2% → 10.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.94× → 1.73×. Calculated
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 550.0k NOK (+500.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 20.07m NOK to 19.16m NOK (-4.5% YoY). Calculated
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↓
Net result weakened
Net result +933.7k NOK → +325.2k NOK (net margin 4.7% → 1.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.40m NOK → 3.19m NOK (12% → 17% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 14.94m NOK → 13.54m NOK (-9.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 890 NOK → 890.0k NOK. Reported fact