FirmaIQ
Org.nr 916 591 144 2001 → 2002 Year-over-year analysis

A/S SØRENSEN OG BALCHEN: årsregnskap 2002 vs 2001

Stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2002 with 2001 for A/S SØRENSEN OG BALCHEN. Revenue 1.31bn NOK → 1.31bn NOK (+0.3%). Net result +26.70m NOK → +35.99m NOK. Equity 166.47m NOK → 120.95m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.

Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S SØRENSEN OG BALCHEN.

At a glance

Scorecard

Revenue
1.31bn NOK 1.31bn NOK
+0.3%
Operating result
+36.19m NOK +48.34m NOK
+33.5%
Net result
+26.70m NOK +35.99m NOK
+34.8%
Equity
166.47m NOK 120.95m NOK
-27.3%
Total assets
287.47m NOK 285.92m NOK
-0.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.31bn NOK to 1.31bn NOK (+0.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +36.19m NOK → +48.34m NOK (op. margin 2.8% → 3.7%). Calculated

  • ↑

    Net result improved

    Net result +26.70m NOK → +35.99m NOK (net margin 2.0% → 2.7%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 166.47m NOK → 120.95m NOK (equity ratio 57.9% → 42.3%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.14× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 34.06m NOK → 36.90m NOK (3% → 3% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 204.08m NOK → 197.82m NOK (-3.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.25m NOK → 1.19m NOK. Reported fact