A BRANDTH AS: årsregnskap 2003 vs 2002
Shrank 8% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A BRANDTH AS. Revenue 18.24m NOK → 16.81m NOK (-7.8%). Net result +467.2k NOK → +196.0k NOK. Equity 2.43m NOK → 2.62m NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A BRANDTH AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +204.2k NOK → +677.8k NOK (op. margin 1.1% → 4.0%). Calculated
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↑
Equity strengthened
Book equity 2.43m NOK → 2.62m NOK (equity ratio 20.4% → 18.6%). Calculated
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↑
Payroll decreased
Salary cost 2.92m NOK → 2.74m NOK (16% → 16% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 18.24m NOK to 16.81m NOK (-7.8% YoY). Calculated
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↓
Net result weakened
Net result +467.2k NOK → +196.0k NOK (net margin 2.6% → 1.2%). Calculated
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↓
Cash fell
Bank deposits 372.2k NOK → 293.7k NOK (-21.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 12.18m NOK → 11.17m NOK (-8.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 860.1k NOK → 100.1k NOK. Reported fact