A. WESTRE AS: årsregnskap 2002 vs 2001
Grew 7% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A. WESTRE AS. Revenue 23.84m NOK → 25.60m NOK (+7.4%). Net result +333.7k NOK → +663.4k NOK. Equity 4.30m NOK → 3.63m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A. WESTRE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 23.84m NOK to 25.60m NOK (+7.4% YoY). Calculated
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↑
Operating result improved
Operating result +75.9k NOK → +331.3k NOK (op. margin 0.3% → 1.3%). Calculated
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↑
Net result improved
Net result +333.7k NOK → +663.4k NOK (net margin 1.4% → 2.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.30m NOK → 3.63m NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.30× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 9.04m NOK → 10.78m NOK (38% → 42% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 8.76m NOK → 9.66m NOK (+10.2% YoY). Calculated