ACTIVE GOLF AS: årsregnskap 2002 vs 2001
Shrank 6% on revenue
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ACTIVE GOLF AS. Revenue 2.02m NOK → 1.90m NOK (-6.2%). Net result +103.4k NOK → +86.0k NOK. Equity 614.0k NOK → 600.0k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACTIVE GOLF AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +153.5k NOK → +259.9k NOK (op. margin 7.6% → 13.7%). Calculated
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Payroll decreased
Salary cost 629.6k NOK → 487.6k NOK (31% → 26% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.02m NOK to 1.90m NOK (-6.2% YoY). Calculated
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↓
Net result weakened
Net result +103.4k NOK → +86.0k NOK (net margin 5.1% → 4.5%). Calculated
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↓
Equity eroded
Book equity 614.0k NOK → 600.0k NOK (equity ratio 54.8% → 51.7%). Calculated
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↓
COGS moved
COGS / varekostnad 84.1k NOK → 1.27m NOK (+1415.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 24.0k NOK → 0 NOK. Reported fact