ABC AUTORISERTE KJØRESKOLE AS: årsregnskap 2003 vs 2002
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABC AUTORISERTE KJØRESKOLE AS. Revenue 1.39m NOK → 1.38m NOK (-0.6%). Net result +118.9k NOK → +8 125 NOK. Equity 103.4k NOK → 95.2k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
1.39m NOK
1.38m NOK
-0.6%
Operating result
+168.4k NOK
+942 NOK
-99.4%
Net result
+118.9k NOK
+8 125 NOK
-93.2%
Equity
103.4k NOK
95.2k NOK
-7.9%
Total assets
308.9k NOK
270.1k NOK
-12.6%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.39m NOK to 1.38m NOK (-0.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +168.4k NOK → +942 NOK (op. margin 12.1% → 0.1%). Calculated
-
↓
Net result weakened
Net result +118.9k NOK → +8 125 NOK (net margin 8.6% → 0.6%). Calculated
-
↓
Equity eroded
Book equity 103.4k NOK → 95.2k NOK (equity ratio 33.5% → 35.3%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 609.3k NOK → 676.4k NOK (44% → 49% of revenue). Calculated