FirmaIQ
Org.nr 976 160 622 2002 → 2003 Year-over-year analysis

A OLSEN & SØNN AS: årsregnskap 2003 vs 2002

Grew 16% on revenue, weaker earnings, fresh owner capital

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for A OLSEN & SØNN AS. Revenue 1.04m NOK → 1.20m NOK (+15.7%). Net result +56.8k NOK → +8 275 NOK. Equity 119.1k NOK → 60.8k NOK.

On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A OLSEN & SØNN AS.

At a glance

Scorecard

Revenue
1.04m NOK 1.20m NOK
+15.7%
Operating result
+118.8k NOK +67.0k NOK
-43.6%
Net result
+56.8k NOK +8 275 NOK
-85.4%
Equity
119.1k NOK 60.8k NOK
-48.9%
Total assets
36.0k NOK 998.6k NOK
+2670.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.04m NOK to 1.20m NOK (+15.7% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result +118.8k NOK → +67.0k NOK (op. margin 11.5% → 5.6%). Calculated

  • ↓

    Net result weakened

    Net result +56.8k NOK → +8 275 NOK (net margin 5.5% → 0.7%). Calculated

  • ↓

    Equity eroded

    Book equity 119.1k NOK → 60.8k NOK (equity ratio 330.4% → 6.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 405.9k NOK → 420.4k NOK (39% → 35% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 0 NOK → 12.8k NOK (None YoY). Calculated