FirmaIQ
Org.nr 960 894 022 2002 → 2003 Year-over-year analysis

A PEDERSEN & SØNN AS: årsregnskap 2003 vs 2002

Shrank 26% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for A PEDERSEN & SØNN AS. Revenue 5.82m NOK → 4.30m NOK (-26.1%). Net result +286.9k NOK → +38.2k NOK. Equity 473.8k NOK → 435.6k NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A PEDERSEN & SØNN AS.

At a glance

Scorecard

Revenue
5.82m NOK 4.30m NOK
-26.1%
Operating result
+560.8k NOK +54.5k NOK
-90.3%
Net result
+286.9k NOK +38.2k NOK
-86.7%
Equity
473.8k NOK 435.6k NOK
-8.1%
Total assets
3.98m NOK 3.43m NOK
-13.7%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.92× → 1.07×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.82m NOK to 4.30m NOK (-26.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +560.8k NOK → +54.5k NOK (op. margin 9.6% → 1.3%). Calculated

  • ↓

    Net result weakened

    Net result +286.9k NOK → +38.2k NOK (net margin 4.9% → 0.9%). Calculated

  • ↓

    Equity eroded

    Book equity 473.8k NOK → 435.6k NOK (equity ratio 11.9% → 12.7%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.42m NOK → 3.75m NOK (24% → 87% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 110.5k NOK → 54.4k NOK (-50.7% YoY). Calculated