A G VIGEMYR AS: årsregnskap 2003 vs 2002
Grew 9% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A G VIGEMYR AS. Revenue 19.64m NOK → 21.39m NOK (+8.9%). Net result +853.2k NOK → +657.4k NOK. Equity 649.6k NOK → 547.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A G VIGEMYR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 19.64m NOK to 21.39m NOK (+8.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +49.27m NOK → +652.5k NOK (op. margin 250.9% → 3.0%). Calculated
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↓
Net result weakened
Net result +853.2k NOK → +657.4k NOK (net margin 4.3% → 3.1%). Calculated
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↓
Equity eroded
Book equity 649.6k NOK → 547.0k NOK (equity ratio 11.5% → 10.0%). Calculated
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↓
Cash fell
Bank deposits 712.3k NOK → 6 384 NOK (-99.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.12m NOK → 1.16m NOK (6% → 5% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 16.67m NOK → 18.32m NOK (+9.9% YoY). Calculated