ABK TAK AS: årsregnskap 2003 vs 2002
Shrank 31% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABK TAK AS. Revenue 551.6k NOK → 379.7k NOK (-31.2%). Net result +143.8k NOK → +26.1k NOK. Equity 200.1k NOK → 226.2k NOK.
On the constructive side: equity strengthened. 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 ABK TAK AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 200.1k NOK → 226.2k NOK (equity ratio 40.1% → 68.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 551.6k NOK to 379.7k NOK (-31.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +204.5k NOK → +63.8k NOK (op. margin 37.1% → 16.8%). Calculated
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↓
Net result weakened
Net result +143.8k NOK → +26.1k NOK (net margin 26.1% → 6.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 247 NOK → 61.5k NOK (0% → 16% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 68.8k NOK → -36.3k NOK (-152.7% YoY). Calculated