4U HAIR BODY STYLE AS: årsregnskap 2002 vs 2001
Grew 40% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for 4U HAIR BODY STYLE AS. Revenue 3.52m NOK → 4.93m NOK (+40.2%). Net result -20.4k NOK → +499.7k NOK. Equity -602.9k NOK → -1.10m NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 4U HAIR BODY STYLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.52m NOK to 4.93m NOK (+40.2% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 20.4k NOK to a profit of 499.7k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +84.3k NOK → -385.2k NOK (op. margin 2.4% → -7.8%). Calculated
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↓
Equity eroded
Book equity -602.9k NOK → -1.10m NOK (equity ratio -305.0% → -67.1%). Calculated
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↓
Cash fell
Bank deposits 32.8k NOK → 20.3k NOK (-38.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.50m NOK → 2.44m NOK (43% → 49% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 881.5k NOK → 40.5k NOK (-95.4% YoY). Calculated