ABC TRAFIKKSKOLE AS: årsregnskap 2003 vs 2002
Grew 30% on revenue, stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABC TRAFIKKSKOLE AS. Revenue 1.91m NOK → 2.49m NOK (+30.2%). Net result +148.8k NOK → +237.2k NOK. Equity 179.9k NOK → 187.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC TRAFIKKSKOLE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.91m NOK to 2.49m NOK (+30.2% YoY). Calculated
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Operating result improved
Operating result +280.4k NOK → +459.4k NOK (op. margin 14.6% → 18.4%). Calculated
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Net result improved
Net result +148.8k NOK → +237.2k NOK (net margin 7.8% → 9.5%). Calculated
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Equity strengthened
Book equity 179.9k NOK → 187.1k NOK (equity ratio 12.1% → 10.2%). Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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Current ratio dropped below 1×
Current ratio 12.55× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 912.8k NOK → 1.05m NOK (48% → 42% of revenue). Calculated
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COGS moved
COGS / varekostnad 39.7k NOK → 69.1k NOK (+74.1% YoY). Calculated