ABAKUS AS: årsregnskap 2003 vs 2002
Grew 56% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABAKUS AS. Revenue 338.7k NOK → 526.9k NOK (+55.6%). Net result +90.4k NOK → +157.2k NOK. Equity 115.5k NOK → 100.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 338.7k NOK to 526.9k NOK (+55.6% YoY). Calculated
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↑
Operating result improved
Operating result +131.2k NOK → +246.3k NOK (op. margin 38.7% → 46.7%). Calculated
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↑
Net result improved
Net result +90.4k NOK → +157.2k NOK (net margin 26.7% → 29.8%). Calculated
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↑
Payroll decreased
Salary cost 10.72m NOK → 10 NOK (3165% → 0% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 115.5k NOK → 100.7k NOK (equity ratio 21.3% → 15.3%). Calculated