A. GULLAKSEN AS: årsregnskap 2003 vs 2002
Shrank 15% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A. GULLAKSEN AS. Revenue 630.4k NOK → 536.7k NOK (-14.9%). Equity 778.4k NOK → 138.9k NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. GULLAKSEN AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 56.0k NOK → 100.1k NOK (+44.1k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 630.4k NOK to 536.7k NOK (-14.9% YoY). Calculated
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↓
Operating result weakened
Operating result +419.4k NOK → +390.9k NOK (op. margin 66.5% → 72.8%). Calculated
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↓
Equity eroded
Book equity 778.4k NOK → 138.9k NOK (equity ratio 38.9% → 10.2%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 827.2k NOK → 512.1k NOK. Reported fact