A SANDBERG AS: årsregnskap 2003 vs 2002
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A SANDBERG AS. Revenue 20.12m NOK → 21.09m NOK (+4.8%). Equity 430.6k NOK → 325.3k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A SANDBERG AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 20.12m NOK to 21.09m NOK (+4.8% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.79× → 1.39×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +141.2k NOK → +91.3k NOK (op. margin 0.7% → 0.4%). Calculated
-
↓
Equity eroded
Book equity 430.6k NOK → 325.3k NOK (equity ratio 14.1% → 10.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.90m NOK → 1.98m NOK (9% → 9% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 16.36m NOK → 17.06m NOK (+4.3% YoY). Calculated