70 GRADER N ARKITEKTUR AS: årsregnskap 2003 vs 2002
Grew 6% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 70 GRADER N ARKITEKTUR AS. Revenue 3.66m NOK → 3.88m NOK (+6.2%). Net result +146.6k NOK → +20.7k NOK. Equity 572.4k NOK → 607.7k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 70 GRADER N ARKITEKTUR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.66m NOK to 3.88m NOK (+6.2% YoY). Calculated
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↑
Equity strengthened
Book equity 572.4k NOK → 607.7k NOK (equity ratio 19.7% → 63.8%). Calculated
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↑
Owners injected capital
Paid-in equity rose 68.0k NOK → 102.0k NOK (+34.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +217.6k NOK → +84.4k NOK (op. margin 5.9% → 2.2%). Calculated
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↓
Net result weakened
Net result +146.6k NOK → +20.7k NOK (net margin 4.0% → 0.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.00m NOK → 2.26m NOK (55% → 58% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 528.4k NOK → 310.8k NOK (-41.2% YoY). Calculated