A NIELSEN TRAFIKKSKOLE AS: årsregnskap 2003 vs 2002
Stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A NIELSEN TRAFIKKSKOLE AS. Revenue 3.24m NOK → 3.28m NOK (+1.0%). Net result +351.7k NOK → +458.5k NOK. Equity 182.3k NOK → 160.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A NIELSEN TRAFIKKSKOLE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.24m NOK to 3.28m NOK (+1.0% YoY). Calculated
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Operating result improved
Operating result +608.7k NOK → +682.5k NOK (op. margin 18.8% → 20.8%). Calculated
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Net result improved
Net result +351.7k NOK → +458.5k NOK (net margin 10.8% → 14.0%). Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 182.3k NOK → 160.8k NOK (equity ratio 10.1% → 10.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 205.95× → 0.67× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 67.1k NOK → 57.8k NOK (-13.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 500.5k NOK → 500 NOK. Reported fact