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Org.nr 984 036 736 2002 → 2003 Year-over-year analysis

4HUMAN TQM AS: årsregnskap 2003 vs 2002

Shrank 31% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for 4HUMAN TQM AS. Revenue 2.18m NOK → 1.51m NOK (-30.9%). Equity 308.3k NOK → 454.4k NOK.

On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 4HUMAN TQM AS.

At a glance

Scorecard

Revenue
2.18m NOK 1.51m NOK
-30.9%
Operating result
-482.3k NOK -12.1k NOK
+97.5%
Equity
308.3k NOK 454.4k NOK
+47.4%
Total assets
769.3k NOK 3.11m NOK
+304.4%

What improved

  • ↑

    Operating result improved

    Operating result -482.3k NOK → -12.1k NOK (op. margin -22.1% → -0.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 308.3k NOK → 454.4k NOK (equity ratio 40.1% → 14.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.18m NOK to 1.51m NOK (-30.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.51m NOK → 2.50m NOK (69% → 166% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 57.9k NOK → 70.8k NOK (+22.3% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 902.2k NOK → 232.2k NOK — check capital reduction, conversion, or reclassification. Interpretation