ABMELBY AS: årsregnskap 2003 vs 2002
Grew 16% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABMELBY AS. Revenue 3.02m NOK → 3.49m NOK (+15.6%). Net result +89.0k NOK → +64.2k NOK. Equity 161.3k NOK → 225.5k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABMELBY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.02m NOK to 3.49m NOK (+15.6% YoY). Calculated
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↑
Equity strengthened
Book equity 161.3k NOK → 225.5k NOK (equity ratio 31.4% → 43.3%). Calculated
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↑
Cash rose
Bank deposits 68.8k NOK → 85.0k NOK (+23.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +123.6k NOK → +91.1k NOK (op. margin 4.1% → 2.6%). Calculated
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↓
Net result weakened
Net result +89.0k NOK → +64.2k NOK (net margin 2.9% → 1.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.33m NOK → 4.37m NOK (44% → 125% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 331.9k NOK → 407.6k NOK (+22.8% YoY). Calculated