A EGGEN AS: årsregnskap 2003 vs 2002
Grew 9% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A EGGEN AS. Revenue 6.40m NOK → 6.98m NOK (+9.1%). Net result +151.1k NOK → +239.1k NOK. Equity 1.09m NOK → 1.25m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for A EGGEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.40m NOK to 6.98m NOK (+9.1% YoY). Calculated
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Operating result improved
Operating result +226.0k NOK → +352.8k NOK (op. margin 3.5% → 5.1%). Calculated
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Net result improved
Net result +151.1k NOK → +239.1k NOK (net margin 2.4% → 3.4%). Calculated
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Equity strengthened
Book equity 1.09m NOK → 1.25m NOK (equity ratio 51.7% → 47.7%). Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 10.45m NOK → 1.14m NOK (-89.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (10.45m NOK → 1.14m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 1 NOK → 4.05m NOK (+404624600.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 255.3k NOK → 10.26m NOK. Reported fact