ABK VILLMARKSHYTTA AS: årsregnskap 2003 vs 2002
Grew 70% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABK VILLMARKSHYTTA AS. Revenue 411.2k NOK → 697.3k NOK (+69.6%). Net result -150.3k NOK → +163.8k NOK. Equity -35.7k NOK → 128.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABK VILLMARKSHYTTA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 411.2k NOK to 697.3k NOK (+69.6% YoY). Calculated
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Operating result improved
Operating result -91.6k NOK → +155.2k NOK (op. margin -22.3% → 22.3%). Calculated
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Turned profitable
Net result flipped from a loss of 150.3k NOK to a profit of 163.8k NOK. Calculated
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Equity strengthened
Book equity -35.7k NOK → 128.1k NOK (equity ratio -35.6% → 40.5%). Calculated
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Current ratio back above 1×
Current ratio 0.74× → 1.68×. Calculated
Things to notice
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COGS fell
COGS / varekostnad 38.9k NOK → 0 NOK (-100.0% YoY). Calculated