AB DENTALSERVICE AS: årsregnskap 2003 vs 2002
Shrank 19% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AB DENTALSERVICE AS. Revenue 2.13m NOK → 1.72m NOK (-19.0%). Net result +349.6k NOK → +109.6k NOK. Equity 201.5k NOK → 111.2k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
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Payroll decreased
Salary cost 596.8k NOK → 7 870 NOK (28% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.13m NOK to 1.72m NOK (-19.0% YoY). Calculated
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Operating result weakened
Operating result +651.1k NOK → +166.9k NOK (op. margin 30.6% → 9.7%). Calculated
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Net result weakened
Net result +349.6k NOK → +109.6k NOK (net margin 16.4% → 6.4%). Calculated
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Equity eroded
Book equity 201.5k NOK → 111.2k NOK (equity ratio 14.2% → 10.7%). Calculated