A OVA AS: årsregnskap 2003 vs 2002
Shrank 40% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A OVA AS. Revenue 428.8k NOK → 256.9k NOK (-40.1%). Net result +176.0k NOK → +117.96bn NOK. Equity 971.5k NOK → 853.5k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +176.0k NOK → +117.96bn NOK (net margin 41.0% → 45919480.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 428.8k NOK to 256.9k NOK (-40.1% YoY). Calculated
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↓
Operating result weakened
Operating result +167.1k NOK → +129.8k NOK (op. margin 39.0% → 50.5%). Calculated
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↓
Equity eroded
Book equity 971.5k NOK → 853.5k NOK (equity ratio 131.6% → 51.5%). Calculated
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↓
Cash fell
Bank deposits 160.5k NOK → 120.6k NOK (-24.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost -5 596 NOK → 215.1k NOK (-1% → 84% of revenue). Calculated