A PEDERSEN & SØNN AS: årsregnskap 2002 vs 2001
Shrank 9% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A PEDERSEN & SØNN AS. Revenue 6.38m NOK → 5.82m NOK (-8.9%). Net result +454.0k NOK → +286.9k NOK. Equity 886.9k NOK → 473.8k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
6.38m NOK
5.82m NOK
-8.9%
Operating result
+813.3k NOK
+560.8k NOK
-31.0%
Net result
+454.0k NOK
+286.9k NOK
-36.8%
Equity
886.9k NOK
473.8k NOK
-46.6%
Total assets
3.88m NOK
3.98m NOK
+2.6%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6.38m NOK to 5.82m NOK (-8.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +813.3k NOK → +560.8k NOK (op. margin 12.7% → 9.6%). Calculated
-
↓
Net result weakened
Net result +454.0k NOK → +286.9k NOK (net margin 7.1% → 4.9%). Calculated
-
↓
Equity eroded
Book equity 886.9k NOK → 473.8k NOK (equity ratio 22.9% → 11.9%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 3 NOK → 1.42m NOK (0% → 24% of revenue). Calculated