ABC TRAFIKKSKOLE STEINAR MYHRE AS: årsregnskap 2002 vs 2001
Grew 33% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ABC TRAFIKKSKOLE STEINAR MYHRE AS. Revenue 455.6k NOK → 606.3k NOK (+33.1%). Net result -14.7k NOK → -4 333 NOK. Equity 95.8k NOK → 91.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC TRAFIKKSKOLE STEINAR MYHRE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 455.6k NOK to 606.3k NOK (+33.1% YoY). Calculated
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Operating result improved
Operating result -20.3k NOK → -6 974 NOK (op. margin -4.5% → -1.2%). Calculated
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Net result improved
Net result -14.7k NOK → -4 333 NOK (net margin -3.2% → -0.7%). Calculated
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Payroll decreased
Salary cost 197.3k NOK → 3 NOK (43% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 95.8k NOK → 91.5k NOK (equity ratio 58.4% → 56.3%). Calculated
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↓
Cash fell
Bank deposits 81.7k NOK → 47.5k NOK (-41.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 16.7k NOK → 10.2k NOK (-39.0% YoY). Calculated