A/S SØRENSEN OG BALCHEN: årsregnskap 2003 vs 2002
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A/S SØRENSEN OG BALCHEN. Revenue 1.31bn NOK → 1.31bn NOK (-0.2%). Net result +35.99m NOK → +35.82m NOK. Equity 120.95m NOK → 208.33m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A/S SØRENSEN OG BALCHEN.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 120.95m NOK → 208.33m NOK (equity ratio 42.3% → 69.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.93× → 1.64×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.31bn NOK to 1.31bn NOK (-0.2% YoY). Calculated
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↓
Operating result weakened
Operating result +48.34m NOK → +45.76m NOK (op. margin 3.7% → 3.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 36.90m NOK → 38.39m NOK (3% → 3% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 197.82m NOK → 199.68m NOK (+0.9% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.19m NOK → 1.25m NOK. Reported fact