A JØRGENSEN AS: årsregnskap 2003 vs 2002
Shrank 13% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A JØRGENSEN AS. Revenue 555.9k NOK → 484.2k NOK (-12.9%). Net result +336.7k NOK → +198.3k NOK. Equity 542.4k NOK → 590.7k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 542.4k NOK → 590.7k NOK (equity ratio 62.4% → 65.8%). Calculated
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↑
Payroll decreased
Salary cost 334.4k NOK → 298.0k NOK (60% → 62% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 555.9k NOK to 484.2k NOK (-12.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +135.6k NOK → +98.1k NOK (op. margin 24.4% → 20.3%). Calculated
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↓
Net result weakened
Net result +336.7k NOK → +198.3k NOK (net margin 60.6% → 40.9%). Calculated