4CASTGROUP AS: årsregnskap 2003 vs 2002
Grew 37% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 4CASTGROUP AS. Revenue 8.93m NOK → 12.25m NOK (+37.3%). Equity 705.1k NOK → 419.8k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 4CASTGROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.93m NOK to 12.25m NOK (+37.3% YoY). Calculated
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Owners injected capital
Paid-in equity rose 102.0k NOK → 210.9k NOK (+108.9k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +441.8k NOK → -155.1k NOK (op. margin 4.9% → -1.3%). Calculated
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↓
Equity eroded
Book equity 705.1k NOK → 419.8k NOK (equity ratio 11.4% → 5.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 4.47m NOK → 6.68m NOK (50% → 55% of revenue). Calculated
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COGS fell
COGS / varekostnad 2.83m NOK → 2.23m NOK (-21.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 137.5k NOK → 141.7k NOK. Reported fact