A/S Spilka Industri: årsregnskap 2003 vs 2002
Weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A/S Spilka Industri. Revenue 105.76m NOK → 105.83m NOK (+0.1%). Net result +68.35m NOK → 0 NOK. Equity 12.99m NOK → 82.87m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for A/S Spilka Industri.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 105.76m NOK to 105.83m NOK (+0.1% YoY). Calculated
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↑
Equity strengthened
Book equity 12.99m NOK → 82.87m NOK (equity ratio 10.0% → 67.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.79× → 1437.74×. Calculated
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↑
Owners injected capital
Paid-in equity rose 1.49m NOK → 63.00m NOK (+61.51m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +21.27m NOK → +15.53m NOK (op. margin 20.1% → 14.7%). Calculated
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↓
Net result weakened
Net result +68.35m NOK → 0 NOK (net margin 64.6% → 0.0%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 26.88m NOK → 27.19m NOK (+1.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 41.55m NOK → 46.28m NOK. Reported fact