FirmaIQ
Org.nr 958 901 925 2002 → 2003 Year-over-year analysis

A. HØVIK EIENDOM AS: årsregnskap 2003 vs 2002

Shrank 38% on revenue, weaker earnings, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for A. HØVIK EIENDOM AS. Revenue 10.22m NOK → 6.30m NOK (-38.4%). Net result +505.8k NOK → +392.2k NOK. Equity 3.87m NOK → 10.42m NOK.

On the constructive side: equity strengthened; owners injected capital. 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. HØVIK EIENDOM AS.

At a glance

Scorecard

Revenue
10.22m NOK 6.30m NOK
-38.4%
Operating result
+1.75m NOK +1.43m NOK
-17.9%
Net result
+505.8k NOK +392.2k NOK
-22.5%
Equity
3.87m NOK 10.42m NOK
+168.8%
Cash
504.9k NOK 3 601 NOK
-99.3%
Total assets
24.09m NOK 42.11m NOK
+74.8%

What improved

  • ↑

    Equity strengthened

    Book equity 3.87m NOK → 10.42m NOK (equity ratio 16.1% → 24.7%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.83m NOK → 10.00m NOK (+8.17m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.22m NOK to 6.30m NOK (-38.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.75m NOK → +1.43m NOK (op. margin 17.1% → 22.8%). Calculated

  • ↓

    Net result weakened

    Net result +505.8k NOK → +392.2k NOK (net margin 5.0% → 6.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 504.9k NOK → 3 601 NOK (-99.3% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 7.79m NOK → 4.20m NOK (-46.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 4.00m NOK → 1.10m NOK. Reported fact