ACCION AS: årsregnskap 2003 vs 2002
Grew 9% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACCION AS. Revenue 409.4k NOK → 446.4k NOK (+9.0%). Net result +116.7k NOK → +40.0k NOK. Equity 656.8k NOK → 616.8k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ACCION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 409.4k NOK to 446.4k NOK (+9.0% YoY). Calculated
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↑
Cash rose
Bank deposits 1 084 NOK → 2 087 NOK (+92.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +37.0k NOK → +9 357 NOK (op. margin 9.0% → 2.1%). Calculated
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↓
Net result weakened
Net result +116.7k NOK → +40.0k NOK (net margin 28.5% → 9.0%). Calculated
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↓
Equity eroded
Book equity 656.8k NOK → 616.8k NOK (equity ratio 21.5% → 23.6%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 656.8k NOK → 616.8k NOK — check capital reduction, conversion, or reclassification. Interpretation