A. WESTRE AS: årsregnskap 2003 vs 2002
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A. WESTRE AS. Revenue 25.60m NOK → 26.56m NOK (+3.8%). Net result +663.4k NOK → +174.1k NOK. Equity 3.63m NOK → 3.46m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: book investments changed. 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 25.60m NOK to 26.56m NOK (+3.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 10.78m NOK → 10.27m NOK (42% → 39% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +331.3k NOK → +294.6k NOK (op. margin 1.3% → 1.1%). Calculated
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↓
Net result weakened
Net result +663.4k NOK → +174.1k NOK (net margin 2.6% → 0.7%). Calculated
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↓
Equity eroded
Book equity 3.63m NOK → 3.46m NOK. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 62.7k NOK → 25.0k NOK. Reported fact