A SKAUG TRANSPORT AS: årsregnskap 2003 vs 2002
Shrank 6% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A SKAUG TRANSPORT AS. Revenue 9.69m NOK → 9.08m NOK (-6.3%). Net result +173.3k NOK → -106.5k NOK. Equity 414.1k NOK → 307.6k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A SKAUG TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 127.9k NOK → 360.1k NOK (+181.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.63m NOK → 4.33m NOK (48% → 48% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.69m NOK to 9.08m NOK (-6.3% YoY). Calculated
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↓
Operating result weakened
Operating result +395.0k NOK → +289.7k NOK (op. margin 4.1% → 3.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 173.3k NOK profit to a loss of 106.5k NOK. Calculated
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↓
Equity eroded
Book equity 414.1k NOK → 307.6k NOK (equity ratio 4.8% → 4.0%). Calculated
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↓
COGS moved
COGS / varekostnad 128.6k NOK → 184.2k NOK (+43.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation