A1 PRIMA REGNSKAP AS: årsregnskap 2003 vs 2002
Weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A1 PRIMA REGNSKAP AS. Revenue 2.46m NOK → 2.50m NOK (+1.3%). Net result +548.3k NOK → +387.6k NOK. Equity 33.4k NOK → 326.2k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for A1 PRIMA REGNSKAP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.46m NOK to 2.50m NOK (+1.3% YoY). Calculated
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↑
Equity strengthened
Book equity 33.4k NOK → 326.2k NOK (equity ratio 2.3% → 18.5%). Calculated
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +711.0k NOK → +455.8k NOK (op. margin 28.9% → 18.3%). Calculated
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↓
Net result weakened
Net result +548.3k NOK → +387.6k NOK (net margin 22.3% → 15.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 971.4k NOK → 991.5k NOK (39% → 40% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 42.5k NOK → 412.6k NOK. Reported fact