AB LIFTUTLEIE AS: årsregnskap 2003 vs 2002
Grew 15% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AB LIFTUTLEIE AS. Revenue 5.09m NOK → 5.83m NOK (+14.6%). Net result +237.9k NOK → +855.0k NOK. Equity 715.7k NOK → 770.7k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AB LIFTUTLEIE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.09m NOK to 5.83m NOK (+14.6% YoY). Calculated
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↑
Net result improved
Net result +237.9k NOK → +855.0k NOK (net margin 4.7% → 14.7%). Calculated
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↑
Equity strengthened
Book equity 715.7k NOK → 770.7k NOK (equity ratio 16.4% → 95.0%). Calculated
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↑
Cash rose
Bank deposits 17.18m NOK → 17.43m NOK (+1.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +472.7k NOK → +315.8k NOK (op. margin 9.3% → 5.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 547.6k NOK → 923.0k NOK (11% → 16% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 877.5k NOK → 589.8k NOK (-32.8% YoY). Calculated