70 NORDVEKST AS: årsregnskap 2003 vs 2002
Grew 50% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 70 NORDVEKST AS. Revenue 2.33m NOK → 3.50m NOK (+50.2%). Net result +148.4k NOK → +221.8k NOK. Equity 49.0k NOK → 172.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 70 NORDVEKST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.33m NOK to 3.50m NOK (+50.2% YoY). Calculated
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Operating result improved
Operating result +99.6k NOK → +297.6k NOK (op. margin 4.3% → 8.5%). Calculated
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Net result improved
Net result +148.4k NOK → +221.8k NOK (net margin 6.4% → 6.3%). Calculated
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Equity strengthened
Book equity 49.0k NOK → 172.9k NOK (equity ratio 6.4% → 17.3%). Calculated
Things to notice
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Payroll increased
Salary cost 1 NOK → 1.35m NOK (0% → 38% of revenue). Calculated
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COGS moved
COGS / varekostnad 441.9k NOK → 829.9k NOK (+87.8% YoY). Calculated