7 STEEL NORDIC MANUFACTURING AS: årsregnskap 2002 vs 2001
Grew 17% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for 7 STEEL NORDIC MANUFACTURING AS. Revenue 202.63m NOK → 236.98m NOK (+17.0%). Net result -20 NOK → +9.54m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC MANUFACTURING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 202.63m NOK to 236.98m NOK (+17.0% YoY). Calculated
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Operating result improved
Operating result +324.0k NOK → +19.97m NOK (op. margin 0.2% → 8.4%). Calculated
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Turned profitable
Net result flipped from a loss of 20 NOK to a profit of 9.54m NOK. Calculated
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Owners injected capital
Paid-in equity rose 128.11m NOK → 136.48m NOK (+8.37m NOK). Reported fact
Things to notice
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Payroll increased
Salary cost 2 000 NOK → 147.18m NOK (0% → 62% of revenue). Calculated
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COGS moved
COGS / varekostnad 703.77m NOK → 715.23m NOK (+1.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 333.0k NOK → 8.33m NOK. Reported fact