ACER COMPUTER NORWAY AS: årsregnskap 2003 vs 2002
Shrank 38% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACER COMPUTER NORWAY AS. Revenue 136.11m NOK → 84.33m NOK (-38.0%). Net result +10.64m NOK → +10.19m NOK. Equity 12.87m NOK → 23.06m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACER COMPUTER NORWAY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +11.42m NOK → +14.69m NOK (op. margin 8.4% → 17.4%). Calculated
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↑
Equity strengthened
Book equity 12.87m NOK → 23.06m NOK (equity ratio 42.4% → 68.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 136.11m NOK to 84.33m NOK (-38.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 4.70m NOK → 9.11m NOK (3% → 11% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.11bn NOK → 53.78m NOK (-98.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 271.4k NOK → 320.9k NOK. Reported fact