ABC STARTSIDEN AS: årsregnskap 2003 vs 2002
Grew 43% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABC STARTSIDEN AS. Revenue 12.71m NOK → 18.21m NOK (+43.2%). Equity 14.61m NOK → 13.84m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABC STARTSIDEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.71m NOK to 18.21m NOK (+43.2% YoY). Calculated
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↑
Operating result improved
Operating result +458.0k NOK → +733.6k NOK (op. margin 3.6% → 4.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 14.61m NOK → 13.84m NOK (equity ratio 88.4% → 56.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 9.50× → -2.35× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 5.40m NOK → 6.81m NOK (42% → 37% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 3.56m NOK → 1.05m NOK (-70.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 85.0k NOK → 81.0k NOK. Reported fact