A/S Kvikk: årsregnskap 2003 vs 2002
Grew 3647% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A/S Kvikk. Revenue 3 260 NOK → 122.2k NOK (+3646.9%). Equity 138.1k NOK → 118.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A/S Kvikk.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3 260 NOK to 122.2k NOK (+3646.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +80.8k NOK → +72.5k NOK (op. margin 2478.7% → 59.4%). Calculated
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↓
Equity eroded
Book equity 138.1k NOK → 118.2k NOK (equity ratio 7.6% → 6.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 849.4k NOK → 849 NOK (-99.9% YoY). Calculated