ABC ELEKTRO TEAM AS: årsregnskap 2003 vs 2002
Grew 139545% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABC ELEKTRO TEAM AS. Revenue 2 083 NOK → 2.91m NOK (+139545.1%). Net result +120.5k NOK → +474.9k NOK. Equity 179.5k NOK → 295.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABC ELEKTRO TEAM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2 083 NOK to 2.91m NOK (+139545.1% YoY). Calculated
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Operating result improved
Operating result +160.5k NOK → +386.04m NOK (op. margin 7704.2% → 13271.4%). Calculated
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Net result improved
Net result +120.5k NOK → +474.9k NOK (net margin 5785.5% → 16.3%). Calculated
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Equity strengthened
Book equity 179.5k NOK → 295.4k NOK (equity ratio 15982.9% → 29.0%). Calculated
What deteriorated
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Cash fell
Bank deposits 218.7k NOK → 14.7k NOK (-93.3% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 815.7k NOK → 1.05m NOK (+28.7% YoY). Calculated