ACELA HUND OG KATT AS: årsregnskap 2003 vs 2002
Shrank 14% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACELA HUND OG KATT AS. Revenue 2.02m NOK → 1.74m NOK (-13.6%). Net result +211.0k NOK → +46.2k NOK. Equity 147.1k NOK → 193.3k NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACELA HUND OG KATT AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 147.1k NOK → 193.3k NOK (equity ratio 10.1% → 13.8%). Calculated
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.02m NOK to 1.74m NOK (-13.6% YoY). Calculated
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↓
Operating result weakened
Operating result +350.5k NOK → +118.0k NOK (op. margin 17.4% → 6.8%). Calculated
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↓
Net result weakened
Net result +211.0k NOK → +46.2k NOK (net margin 10.5% → 2.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.95× → 0.48× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 93.1k NOK → 2.19m NOK (5% → 126% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.20m NOK → 1.10m NOK (-8.2% YoY). Calculated