ABILITY AS: årsregnskap 2003 vs 2002
Grew 42% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABILITY AS. Revenue 2.42m NOK → 3.43m NOK (+41.7%). Net result +2 953 NOK → +46.3k NOK. Equity 113.0k NOK → 159.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABILITY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.42m NOK to 3.43m NOK (+41.7% YoY). Calculated
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Operating result improved
Operating result +2 057 NOK → +62.9k NOK (op. margin 0.1% → 1.8%). Calculated
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Net result improved
Net result +2 953 NOK → +46.3k NOK (net margin 0.1% → 1.4%). Calculated
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Equity strengthened
Book equity 113.0k NOK → 159.3k NOK (equity ratio 18.5% → 27.1%). Calculated
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Cash rose
Bank deposits 75.9k NOK → 197.4k NOK (+160.0% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 2.33m NOK → 3.21m NOK (+37.8% YoY). Calculated