ACRYLICON NORD-NORGE AS: årsregnskap 2003 vs 2002
Shrank 11% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACRYLICON NORD-NORGE AS. Revenue 21.13m NOK → 18.88m NOK (-10.6%). Equity 699.8k NOK → 830.7k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACRYLICON NORD-NORGE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 699.8k NOK → 830.7k NOK (equity ratio 10.2% → 10.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.80× → 1.59×. Calculated
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↑
Payroll decreased
Salary cost 4.79m NOK → 4.11m NOK (23% → 22% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 21.13m NOK to 18.88m NOK (-10.6% YoY). Calculated
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↓
Operating result weakened
Operating result +1.53m NOK → +1.34m NOK (op. margin 7.3% → 7.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 10.40m NOK → 9.54m NOK (-8.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 7 500 NOK → 1 NOK. Reported fact