A NAGEL ALNE AS: årsregnskap 2003 vs 2002
Shrank 23% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A NAGEL ALNE AS. Revenue 964.8k NOK → 740.2k NOK (-23.3%). Net result +81.1k NOK → +281.6k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +129.7k NOK → +448.0k NOK (op. margin 13.4% → 60.5%). Calculated
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↑
Net result improved
Net result +81.1k NOK → +281.6k NOK (net margin 8.4% → 38.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 964.8k NOK to 740.2k NOK (-23.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost -498.0k NOK → 499.3k NOK (-52% → 67% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 89.5k NOK → 295.0k NOK (+229.5% YoY). Calculated