ACCOUNTNET INVEST AS: årsregnskap 2003 vs 2002
Grew 16% on revenue, returned to profit, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACCOUNTNET INVEST AS. Revenue 3.36m NOK → 3.89m NOK (+15.8%). Net result -32.0k NOK → +243.1k NOK. Equity 355.2k NOK → 298.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ACCOUNTNET INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.36m NOK to 3.89m NOK (+15.8% YoY). Calculated
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↑
Operating result improved
Operating result -90.0k NOK → +349.7k NOK (op. margin -2.7% → 9.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 32.0k NOK to a profit of 243.1k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 355.2k NOK → 298.3k NOK (equity ratio 23.9% → 27.2%). Calculated
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↓
Cash fell
Bank deposits 547.0k NOK → 127.3k NOK (-76.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 2.65m NOK (0% → 68% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 140.9k NOK → 184.5k NOK (+31.0% YoY). Calculated