AB GASOLINE AS: årsregnskap 2003 vs 2002
Grew 29% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AB GASOLINE AS. Revenue 646.6k NOK → 835.5k NOK (+29.2%). Net result +13.5k NOK → +5.42m NOK. Equity 120.5k NOK → 241.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AB GASOLINE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 646.6k NOK to 835.5k NOK (+29.2% YoY). Calculated
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Operating result improved
Operating result +12.5k NOK → +810.5k NOK (op. margin 1.9% → 97.0%). Calculated
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Net result improved
Net result +13.5k NOK → +5.42m NOK (net margin 2.1% → 648.8%). Calculated
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Equity strengthened
Book equity 120.5k NOK → 241.1k NOK (equity ratio 11615.7% → 17.9%). Calculated
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Current ratio back above 1×
Current ratio 0.00× → 12.51×. Calculated
Things to notice
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Payroll increased
Salary cost 60.9k NOK → 2.66m NOK (9% → 319% of revenue). Calculated
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COGS fell
COGS / varekostnad 548.9k NOK → 17.9k NOK (-96.7% YoY). Calculated