AB PROFILERING AS: årsregnskap 2003 vs 2002
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AB PROFILERING AS. Revenue 1.81m NOK → 1.77m NOK (-2.4%). Net result +170.0k NOK → +76.3k NOK. Equity 52.0k NOK → 271.7k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AB PROFILERING AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 52.0k NOK → 271.7k NOK (equity ratio 7.3% → 33.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 1.03×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.81m NOK to 1.77m NOK (-2.4% YoY). Calculated
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↓
Operating result weakened
Operating result +226.1k NOK → +117.4k NOK (op. margin 12.5% → 6.6%). Calculated
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↓
Net result weakened
Net result +170.0k NOK → +76.3k NOK (net margin 9.4% → 4.3%). Calculated
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↓
COGS moved
COGS / varekostnad 803.9k NOK → 819.7k NOK (+2.0% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 748.0k NOK → 348.0k NOK — check capital reduction, conversion, or reclassification. Interpretation