A 1 BYGGMESTER JOHAN AS: årsregnskap 2003 vs 2002
Shrank 18% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A 1 BYGGMESTER JOHAN AS. Revenue 2.46m NOK → 2.01m NOK (-18.2%). Net result +107.1k NOK → +148.4k NOK. Equity 126.6k NOK → 100.0k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A 1 BYGGMESTER JOHAN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +169.3k NOK → +249.0k NOK (op. margin 6.9% → 12.4%). Calculated
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↑
Net result improved
Net result +107.1k NOK → +148.4k NOK (net margin 4.4% → 7.4%). Calculated
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Current ratio back above 1×
Current ratio 0.95× → 1.08×. Calculated
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Payroll decreased
Salary cost 2.75m NOK → 375.3k NOK (112% → 19% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.46m NOK to 2.01m NOK (-18.2% YoY). Calculated
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↓
Equity eroded
Book equity 126.6k NOK → 100.0k NOK (equity ratio 9.3% → 17.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.05m NOK → 871.2k NOK (-17.1% YoY). Calculated