ABC DYREKLINIKK DRAMMEN AS: årsregnskap 2003 vs 2002
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABC DYREKLINIKK DRAMMEN AS. Revenue 3.28m NOK → 3.44m NOK (+4.9%). Net result +287.4k NOK → +401.9k NOK. Equity 150.5k NOK → 173.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABC DYREKLINIKK DRAMMEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.28m NOK to 3.44m NOK (+4.9% YoY). Calculated
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Operating result improved
Operating result +385.5k NOK → +539.9k NOK (op. margin 11.8% → 15.7%). Calculated
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Net result improved
Net result +287.4k NOK → +401.9k NOK (net margin 8.8% → 11.7%). Calculated
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Equity strengthened
Book equity 150.5k NOK → 173.0k NOK (equity ratio 10.0% → 9.8%). Calculated
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Payroll decreased
Salary cost 1.53m NOK → 1.44m NOK (47% → 42% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 777.9k NOK → 898.8k NOK (+15.5% YoY). Calculated