A-PLAST AS: årsregnskap 2003 vs 2002
Shrank 23% on revenue, slipped into loss, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A-PLAST AS. Revenue 7.64m NOK → 5.89m NOK (-22.8%). Net result +223.7k NOK → -233.4k NOK. Equity 941.3k NOK → 707.9k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A-PLAST AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
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↑
Payroll decreased
Salary cost 1.69m NOK → 1.18m NOK (22% → 20% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.64m NOK to 5.89m NOK (-22.8% YoY). Calculated
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↓
Operating result weakened
Operating result +406.0k NOK → +247.7k NOK (op. margin 5.3% → 4.2%). Calculated
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Fell into a net loss
Net result flipped from 223.7k NOK profit to a loss of 233.4k NOK. Calculated
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↓
Equity eroded
Book equity 941.3k NOK → 707.9k NOK (equity ratio 37.1% → 33.7%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 372 NOK → 369.5k NOK. Reported fact