FirmaIQ
Org.nr 865 626 002 2002 → 2003 Year-over-year analysis

A JENSERUD & SØNN AS: årsregnskap 2003 vs 2002

Grew 12% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for A JENSERUD & SØNN AS. Revenue 2.68m NOK → 3.01m NOK (+12.5%). Net result +81.2k NOK → +34.6k NOK. Equity 158.9k NOK → 100.5k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A JENSERUD & SØNN AS.

At a glance

Scorecard

Revenue
2.68m NOK 3.01m NOK
+12.5%
Operating result
+152.6k NOK +34.3k NOK
-77.5%
Net result
+81.2k NOK +34.6k NOK
-57.4%
Equity
158.9k NOK 100.5k NOK
-36.7%
Total assets
12.0k NOK 890.1k NOK
+7330.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.68m NOK to 3.01m NOK (+12.5% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +152.6k NOK → +34.3k NOK (op. margin 5.7% → 1.1%). Calculated

  • ↓

    Net result weakened

    Net result +81.2k NOK → +34.6k NOK (net margin 3.0% → 1.2%). Calculated

  • ↓

    Equity eroded

    Book equity 158.9k NOK → 100.5k NOK (equity ratio 1326.6% → 11.3%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.11× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 883.6k NOK → 1.54m NOK (33% → 51% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 1.39m NOK → 1.15m NOK (-17.5% YoY). Calculated