Org.nr 921 313 721 2002 → 2003 Year-over-year analysis

A/S MERKURGÅRDEN: årsregnskap 2003 vs 2002

Grew 6% on revenue

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for A/S MERKURGÅRDEN. Revenue 8.94m NOK → 9.51m NOK (+6.5%). Equity 5.42m NOK → 2.65m NOK.

On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S MERKURGÅRDEN.

At a glance

Revenue

8.94m NOK 9.51m NOK

+6.5%

Operating result

+3.02m NOK +3.27m NOK

+8.2%

Equity

5.42m NOK 2.65m NOK

-51.1%

Total assets

23.24m NOK 24.48m NOK

+5.3%

↑
Revenue rose

Operating income / revenue moved from 8.94m NOK to 9.51m NOK (+6.5% YoY). Calculated
↑
Operating result improved

Operating result +3.02m NOK → +3.27m NOK (op. margin 33.8% → 34.4%). Calculated
↑
Payroll decreased

Salary cost 3.30m NOK → 2.79m NOK (37% → 29% of revenue). Calculated

↓
Equity eroded

Book equity 5.42m NOK → 2.65m NOK (equity ratio 23.3% → 10.8%). Calculated

·
Book investments changed

Investment / intangible book value 13.00m NOK → 7.07m NOK. Reported fact