FirmaIQ
Org.nr 982 428 645 2002 → 2003 Year-over-year analysis

AB SNEKKERN AS: årsregnskap 2003 vs 2002

Shrank 30% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AB SNEKKERN AS. Revenue 4.68m NOK → 3.29m NOK (-29.7%). Net result +1.16m NOK → +25.8k NOK. Equity 728.4k NOK → 754.1k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AB SNEKKERN AS.

At a glance

Scorecard

Revenue
4.68m NOK 3.29m NOK
-29.7%
Operating result
+1.52m NOK +682.6k NOK
-55.0%
Net result
+1.16m NOK +25.8k NOK
-97.8%
Equity
728.4k NOK 754.1k NOK
+3.5%
Cash
1.93m NOK 1.04m NOK
-45.8%
Total assets
2.76m NOK 2.00m NOK
-27.8%

What improved

  • ↑

    Equity strengthened

    Book equity 728.4k NOK → 754.1k NOK (equity ratio 26.3% → 37.8%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.68m NOK to 3.29m NOK (-29.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.52m NOK → +682.6k NOK (op. margin 32.4% → 20.7%). Calculated

  • ↓

    Net result weakened

    Net result +1.16m NOK → +25.8k NOK (net margin 24.8% → 0.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.93m NOK → 1.04m NOK (-45.8% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 23.3k NOK → 68.1k NOK (+192.1% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 3 500 NOK → 17.3k NOK. Reported fact