A JØRGENSEN AS: årsregnskap 2002 vs 2001
Stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A JØRGENSEN AS. Revenue 583.1k NOK → 555.9k NOK (-4.7%). Net result +165.3k NOK → +336.7k NOK. Equity 605.7k NOK → 542.4k NOK.
On the constructive side: operating result improved; net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +6 096 NOK → +135.6k NOK (op. margin 1.0% → 24.4%). Calculated
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Net result improved
Net result +165.3k NOK → +336.7k NOK (net margin 28.3% → 60.6%). Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 300.0k NOK (+250.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 583.1k NOK to 555.9k NOK (-4.7% YoY). Calculated
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↓
Equity eroded
Book equity 605.7k NOK → 542.4k NOK (equity ratio 51.2% → 62.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 299.3k NOK → 334.4k NOK (51% → 60% of revenue). Calculated