FirmaIQ
Org.nr 961 109 337 2002 → 2003 Year-over-year analysis

A GULLAKSEN & SØNNER AS: årsregnskap 2003 vs 2002

Shrank 39% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for A GULLAKSEN & SØNNER AS. Revenue 29.65m NOK → 18.08m NOK (-39.0%). Net result +6.72m NOK → +2.29m NOK. Equity 29.52m NOK → 30.92m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A GULLAKSEN & SØNNER AS.

At a glance

Scorecard

Revenue
29.65m NOK 18.08m NOK
-39.0%
Operating result
+12.11m NOK +4.42m NOK
-63.5%
Net result
+6.72m NOK +2.29m NOK
-65.9%
Equity
29.52m NOK 30.92m NOK
+4.7%
Total assets
40.57m NOK 36.80m NOK
-9.3%

What improved

  • ↑

    Equity strengthened

    Book equity 29.52m NOK → 30.92m NOK (equity ratio 72.8% → 84.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 11.46m NOK → 6.76m NOK (39% → 37% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 29.65m NOK to 18.08m NOK (-39.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +12.11m NOK → +4.42m NOK (op. margin 40.8% → 24.5%). Calculated

  • ↓

    Net result weakened

    Net result +6.72m NOK → +2.29m NOK (net margin 22.7% → 12.6%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 1.31m NOK → 964.9k NOK (-26.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.41m NOK → 24.0k NOK. Reported fact