A KARLSEN & SØNN AS: årsregnskap 2002 vs 2001
Grew 13% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A KARLSEN & SØNN AS. Revenue 1.92m NOK → 2.16m NOK (+12.6%). Net result +97.8k NOK → +319.4k NOK. Equity 295.6k NOK → 135.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A KARLSEN & SØNN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.92m NOK to 2.16m NOK (+12.6% YoY). Calculated
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↑
Operating result improved
Operating result +126.9k NOK → +487.1k NOK (op. margin 6.6% → 22.5%). Calculated
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↑
Net result improved
Net result +97.8k NOK → +319.4k NOK (net margin 5.1% → 14.8%). Calculated
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↑
Payroll decreased
Salary cost 760.8k NOK → 727.9k NOK (40% → 34% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 295.6k NOK → 135.0k NOK (equity ratio 50.6% → 72.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 727.4k NOK → 560.6k NOK (-22.9% YoY). Calculated