A HØIBO AS: årsregnskap 2003 vs 2002
Shrank 14% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A HØIBO AS. Revenue 27.67m NOK → 23.73m NOK (-14.2%). Equity 8.15m NOK → 7.73m NOK.
On the constructive side: operating result improved; owners injected capital; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A HØIBO AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +312.0k NOK → +1.38m NOK (op. margin 1.1% → 5.8%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 500 NOK → 7.50m NOK (+7.50m NOK). Reported fact
-
↑
Payroll decreased
Salary cost 2.85m NOK → 1 NOK (10% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 27.67m NOK to 23.73m NOK (-14.2% YoY). Calculated
-
↓
Equity eroded
Book equity 8.15m NOK → 7.73m NOK (equity ratio 61.2% → 56.6%). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 18.04m NOK → 15.94m NOK (-11.6% YoY). Calculated