4U HAIR BODY STYLE AS: årsregnskap 2003 vs 2002
Grew 10% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 4U HAIR BODY STYLE AS. Revenue 4.93m NOK → 5.41m NOK (+9.7%). Net result +499.7k NOK → +244.3k NOK. Equity -1.10m NOK → -858.3k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: cogs moved. 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 4.93m NOK to 5.41m NOK (+9.7% YoY). Calculated
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Operating result improved
Operating result -385.2k NOK → +370.6k NOK (op. margin -7.8% → 6.8%). Calculated
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↑
Equity strengthened
Book equity -1.10m NOK → -858.3k NOK (equity ratio -67.1% → -47.9%). Calculated
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Cash rose
Bank deposits 20.3k NOK → 120.7k NOK (+495.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.44m NOK → 2.14m NOK (49% → 39% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +499.7k NOK → +244.3k NOK (net margin 10.1% → 4.5%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 40.5k NOK → 1.52m NOK (+3661.1% YoY). Calculated