A-VET SMÅDYRKLINIKK AS: årsregnskap 2003 vs 2002
Grew 22% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A-VET SMÅDYRKLINIKK AS. Revenue 3.40m NOK → 4.13m NOK (+21.5%). Net result -27.3k NOK → -277.3k NOK. Equity -463.7k NOK → -41.1k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A-VET SMÅDYRKLINIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.40m NOK to 4.13m NOK (+21.5% YoY). Calculated
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↑
Equity strengthened
Book equity -463.7k NOK → -41.1k NOK (equity ratio -45.7% → -3.2%). Calculated
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 600.0k NOK (+550.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +13.8k NOK → -180.0k NOK (op. margin 0.4% → -4.4%). Calculated
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↓
Net result weakened
Net result -27.3k NOK → -277.3k NOK (net margin -0.8% → -6.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 366.5k NOK → 505.9k NOK (11% → 12% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 910.8k NOK → 58.4k NOK (-93.6% YoY). Calculated