AB ELEKTRISK AS: årsregnskap 2003 vs 2002
Shrank 9% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AB ELEKTRISK AS. Revenue 3.77m NOK → 3.44m NOK (-8.9%). Net result +116.1k NOK → +219.2k NOK. Equity 353.3k NOK → 422.5k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AB ELEKTRISK AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +165.4k NOK → +238.8k NOK (op. margin 4.4% → 6.9%). Calculated
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↑
Net result improved
Net result +116.1k NOK → +219.2k NOK (net margin 3.1% → 6.4%). Calculated
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↑
Equity strengthened
Book equity 353.3k NOK → 422.5k NOK (equity ratio 23.4% → 22.5%). Calculated
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↑
Payroll decreased
Salary cost 1.40m NOK → 298.9k NOK (37% → 9% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.77m NOK to 3.44m NOK (-8.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.48m NOK → 1.28m NOK (-13.3% YoY). Calculated