A KARLSEN & SØNN AS: årsregnskap 2003 vs 2002
Grew 14% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A KARLSEN & SØNN AS. Revenue 2.16m NOK → 2.46m NOK (+13.6%). Net result +319.4k NOK → +305.9k NOK. Equity 135.0k NOK → 140.9k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. 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 2.16m NOK to 2.46m NOK (+13.6% YoY). Calculated
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↑
Equity strengthened
Book equity 135.0k NOK → 140.9k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +487.1k NOK → +481.3k NOK (op. margin 22.5% → 19.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.92× → 0.58× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 727.9k NOK → 855.3k NOK (34% → 35% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 560.6k NOK → 762.8k NOK (+36.1% YoY). Calculated