Org.nr 812 676 342 2002 → 2003 Year-over-year analysis

A HILLING AS: årsregnskap 2003 vs 2002

Shrank 11% on revenue

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for A HILLING AS. Revenue 35.64m NOK → 31.77m NOK (-10.9%). Equity 4.60m NOK → 2.82m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A HILLING AS.

At a glance

Revenue

35.64m NOK 31.77m NOK

-10.9%

Operating result

+1.92m NOK +1.10m NOK

-42.8%

Equity

4.60m NOK 2.82m NOK

-38.6%

Total assets

10.90m NOK 10.57m NOK

-3.0%

↑
Payroll decreased

Salary cost 6.11m NOK → 5.56m NOK (17% → 17% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 35.64m NOK to 31.77m NOK (-10.9% YoY). Calculated
↓
Operating result weakened

Operating result +1.92m NOK → +1.10m NOK (op. margin 5.4% → 3.5%). Calculated
↓
Equity eroded

Book equity 4.60m NOK → 2.82m NOK (equity ratio 42.2% → 26.7%). Calculated