ACB AUTO-MEDIA AS: årsregnskap 2003 vs 2002
Stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACB AUTO-MEDIA AS. Revenue 2.76m NOK → 2.72m NOK (-1.6%). Net result +25.5k NOK → +84.6k NOK. Equity 9 749 NOK → 174.8k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACB AUTO-MEDIA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +26.4k NOK → +86.9k NOK (op. margin 1.0% → 3.2%). Calculated
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↑
Net result improved
Net result +25.5k NOK → +84.6k NOK (net margin 0.9% → 3.1%). Calculated
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↑
Equity strengthened
Book equity 9 749 NOK → 174.8k NOK (equity ratio 1.8% → 29.2%). Calculated
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Current ratio back above 1×
Current ratio 0.97× → 1.40×. Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 150.0k NOK (+100.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.76m NOK to 2.72m NOK (-1.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 NOK → 1.55m NOK (0% → 57% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 625.1k NOK → 525.9k NOK (-15.9% YoY). Calculated