ABEL NAMSOS AS: årsregnskap 2003 vs 2002
Grew 40% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABEL NAMSOS AS. Revenue 450.9k NOK → 631.1k NOK (+40.0%). Net result +44.7k NOK → +6 762 NOK. Equity 55.3k NOK → 62.1k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for ABEL NAMSOS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 450.9k NOK to 631.1k NOK (+40.0% YoY). Calculated
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↑
Equity strengthened
Book equity 55.3k NOK → 62.1k NOK (equity ratio 9.0% → 10.5%). Calculated
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↑
Payroll decreased
Salary cost 4.27m NOK → 980.3k NOK (948% → 155% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +51.9k NOK → +35.9k NOK (op. margin 11.5% → 5.7%). Calculated
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↓
Net result weakened
Net result +44.7k NOK → +6 762 NOK (net margin 9.9% → 1.1%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 400 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 83.4k NOK → 249.8k NOK (+199.3% YoY). Calculated