A/S SCAN AFRICAN: årsregnskap 2003 vs 2002
Grew 23% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A/S SCAN AFRICAN. Revenue 61.4k NOK → 75.2k NOK (+22.6%). Net result +97.2k NOK → -80.1k NOK. Equity 1.47m NOK → 752.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A/S SCAN AFRICAN.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 61.4k NOK to 75.2k NOK (+22.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +65.5k NOK → -132.6k NOK (op. margin 106.7% → -176.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 97.2k NOK profit to a loss of 80.1k NOK. Calculated
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↓
Equity eroded
Book equity 1.47m NOK → 752.0k NOK (equity ratio 89.9% → 46.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 273.8k NOK → 305.3k NOK (446% → 406% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 15.6k NOK → 5 980 NOK (-61.6% YoY). Calculated