Org.nr 947 454 838 2002 → 2003 Year-over-year analysis

A/S Hørtefossen: årsregnskap 2003 vs 2002

Weaker earnings, fresh owner capital

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for A/S Hørtefossen. Revenue 5.08m NOK → 5.12m NOK (+0.7%). Net result +490.8k NOK → +294.6k NOK.

On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A/S Hørtefossen.

At a glance

Revenue

5.08m NOK 5.12m NOK

+0.7%

Operating result

+572.6k NOK +456.1k NOK

-20.3%

Net result

+490.8k NOK +294.6k NOK

-40.0%

Equity

n/m 1.55m NOK

—

Cash

1.90m NOK 5.43m NOK

+186.7%

Total assets

3.56m NOK 8.57m NOK

+140.9%

↑
Revenue rose

Operating income / revenue moved from 5.08m NOK to 5.12m NOK (+0.7% YoY). Calculated
↑
Cash rose

Bank deposits 1.90m NOK → 5.43m NOK (+186.7% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
↑
Payroll decreased

Salary cost 1.86m NOK → 2 003 NOK (37% → 0% of revenue). Calculated

↓
Operating result weakened

Operating result +572.6k NOK → +456.1k NOK (op. margin 11.3% → 8.9%). Calculated
↓
Net result weakened

Net result +490.8k NOK → +294.6k NOK (net margin 9.7% → 5.8%). Calculated