A/S SørMek: årsregnskap 2002 vs 2001
Grew 25% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A/S SørMek. Revenue 14.34m NOK → 17.85m NOK (+24.5%). Net result +411.9k NOK → +926.4k NOK. Equity 1.67m NOK → 2.60m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A/S SørMek.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.34m NOK to 17.85m NOK (+24.5% YoY). Calculated
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↑
Net result improved
Net result +411.9k NOK → +926.4k NOK (net margin 2.9% → 5.2%). Calculated
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↑
Equity strengthened
Book equity 1.67m NOK → 2.60m NOK (equity ratio 24.9% → 33.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +712.1k NOK → +498.0k NOK (op. margin 5.0% → 2.8%). Calculated
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↓
Cash fell
Bank deposits 256.1k NOK → 245.9k NOK (-4.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 5.01m NOK → 5.29m NOK (35% → 30% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 6.85m NOK → 9.24m NOK (+34.9% YoY). Calculated