ABC TRAFIKKSKOLE STEINAR MYHRE AS: årsregnskap 2003 vs 2002
Shrank 60% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABC TRAFIKKSKOLE STEINAR MYHRE AS. Revenue 606.3k NOK → 243.0k NOK (-59.9%). Net result -4 333 NOK → -59.1k NOK. Equity 91.5k NOK → 82.4k NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
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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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 606.3k NOK to 243.0k NOK (-59.9% YoY). Calculated
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↓
Operating result weakened
Operating result -6 974 NOK → -80.7k NOK (op. margin -1.2% → -33.2%). Calculated
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↓
Net result weakened
Net result -4 333 NOK → -59.1k NOK (net margin -0.7% → -24.3%). Calculated
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↓
Equity eroded
Book equity 91.5k NOK → 82.4k NOK (equity ratio 56.3% → 59.6%). Calculated
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↓
Cash fell
Bank deposits 47.5k NOK → 28.6k NOK (-39.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 10.2k NOK → 0 NOK (-100.0% YoY). Calculated