A.C.E FASHIONSTORE AS: årsregnskap 2003 vs 2002
Shrank 39% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A.C.E FASHIONSTORE AS. Revenue 2.16m NOK → 1.32m NOK (-39.0%). Equity 151.1k NOK → 118.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
2.16m NOK
1.32m NOK
-39.0%
Operating result
n/m
+68.0k NOK
—
Net result
n/m
+47.6k NOK
—
Equity
151.1k NOK
118.6k NOK
-21.5%
Total assets
423.6k NOK
494.4k NOK
+16.7%
What improved
-
↑
Payroll decreased
Salary cost 455.8k NOK → 429.9k NOK (21% → 33% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.16m NOK to 1.32m NOK (-39.0% YoY). Calculated
-
↓
Equity eroded
Book equity 151.1k NOK → 118.6k NOK (equity ratio 35.7% → 24.0%). Calculated
-
↓
COGS moved
COGS / varekostnad 1.29m NOK → 1.32m NOK (+2.3% YoY). Calculated