A HAMSTAD AS: årsregnskap 2003 vs 2002
Grew 15% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A HAMSTAD AS. Revenue 23.91m NOK → 27.56m NOK (+15.2%). Net result +552.3k NOK → +44.7k NOK. Equity 8.36m NOK → 8.32m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for A HAMSTAD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 23.91m NOK to 27.56m NOK (+15.2% YoY). Calculated
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Operating result improved
Operating result +25.4k NOK → +144.0k NOK (op. margin 0.1% → 0.5%). Calculated
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Cash rose
Bank deposits 2.91m NOK → 3.09m NOK (+6.1% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.72× → 1.26×. Calculated
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Owners injected capital
Paid-in equity rose 606 NOK → 1.61m NOK (+1.61m NOK). Reported fact
What deteriorated
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Net result weakened
Net result +552.3k NOK → +44.7k NOK (net margin 2.3% → 0.2%). Calculated
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↓
Equity eroded
Book equity 8.36m NOK → 8.32m NOK (equity ratio 58.3% → 69.3%). Calculated
Things to notice
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COGS moved
COGS / varekostnad 6.53m NOK → 7.25m NOK (+11.0% YoY). Calculated