ABORA PROSJEKT AS: årsregnskap 2003 vs 2002
Grew 85% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABORA PROSJEKT AS. Revenue 6.25m NOK → 11.55m NOK (+84.6%). Net result +343.9k NOK → +607.8k NOK. Equity 550.8k NOK → 458.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABORA PROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.25m NOK to 11.55m NOK (+84.6% YoY). Calculated
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↑
Operating result improved
Operating result +472.6k NOK → +887.8k NOK (op. margin 7.6% → 7.7%). Calculated
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↑
Net result improved
Net result +343.9k NOK → +607.8k NOK (net margin 5.5% → 5.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 550.8k NOK → 458.6k NOK (equity ratio 24.1% → 15.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.58m NOK → 3.72m NOK (41% → 32% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.54m NOK → 6.10m NOK (+139.9% YoY). Calculated