99X INCREO AS: årsregnskap 2003 vs 2002
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 99X INCREO AS. Revenue 2.28m NOK → 2.27m NOK (-0.5%). Net result +182.6k NOK → +199.1k NOK. Equity 140.4k NOK → 215.3k NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 99X INCREO AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +182.6k NOK → +199.1k NOK (net margin 8.0% → 8.8%). Calculated
-
↑
Equity strengthened
Book equity 140.4k NOK → 215.3k NOK (equity ratio 14.6% → 19536.9%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.28m NOK to 2.27m NOK (-0.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +311.0k NOK → +277.5k NOK (op. margin 13.6% → 12.2%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 745.5k NOK → 769.1k NOK (33% → 34% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 395.5k NOK → 359.5k NOK (-9.1% YoY). Calculated