ABC-COMPANY E-SKUVLA AS: årsregnskap 2003 vs 2002
Grew 25% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABC-COMPANY E-SKUVLA AS. Revenue 2.70m NOK → 3.38m NOK (+25.2%). Net result +16.3k NOK → +67.3k NOK. Equity 254.7k NOK → 187.4k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABC-COMPANY E-SKUVLA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.70m NOK to 3.38m NOK (+25.2% YoY). Calculated
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↑
Net result improved
Net result +16.3k NOK → +67.3k NOK (net margin 0.6% → 2.0%). Calculated
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Payroll decreased
Salary cost 2.78m NOK → 1.35m NOK (103% → 40% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +38.2k NOK → +19.7k NOK (op. margin 1.4% → 0.6%). Calculated
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↓
Equity eroded
Book equity 254.7k NOK → 187.4k NOK (equity ratio 11.6% → 7.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 494.9k NOK → 546.6k NOK (+10.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 2 500 NOK. Reported fact