A/S Danvikgaten 20: årsregnskap 2003 vs 2002
Grew 12% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A/S Danvikgaten 20. Revenue 1.02m NOK → 1.15m NOK (+12.2%). Net result -267.8k NOK → -735.8k NOK. Equity 1.24m NOK → 501.5k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for A/S Danvikgaten 20.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.02m NOK to 1.15m NOK (+12.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -192.4k NOK → -421.7k NOK (op. margin -18.8% → -36.7%). Calculated
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↓
Net result weakened
Net result -267.8k NOK → -735.8k NOK (net margin -26.2% → -64.1%). Calculated
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↓
Equity eroded
Book equity 1.24m NOK → 501.5k NOK (equity ratio 58.5% → 7.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5.24m NOK → 5.36m NOK (512% → 467% of revenue). Calculated