AB-M AS: årsregnskap 2003 vs 2002
Grew 738% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AB-M AS. Revenue 467.8k NOK → 3.92m NOK (+737.7%). Net result +44.1k NOK → +65.7k NOK. Equity 232.2k NOK → 116.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AB-M AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 467.8k NOK to 3.92m NOK (+737.7% YoY). Calculated
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Operating result improved
Operating result +40.5k NOK → +65.2k NOK (op. margin 8.7% → 1.7%). Calculated
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Net result improved
Net result +44.1k NOK → +65.7k NOK (net margin 9.4% → 1.7%). 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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↓
Equity eroded
Book equity 232.2k NOK → 116.5k NOK (equity ratio 73.5% → 21.3%). Calculated
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Cash fell
Bank deposits 451.6k NOK → 7 330 NOK (-98.4% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 1.17m NOK → 3.28m NOK (+181.1% YoY). Calculated