ACTIVE INNOVATION AS: årsregnskap 2003 vs 2002
Shrank 53% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACTIVE INNOVATION AS. Revenue 984.8k NOK → 460.4k NOK (-53.3%). Net result +172.9k NOK → +158.0k NOK. Equity 104.0k NOK → 261.9k NOK.
On the constructive side: equity strengthened. 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 ACTIVE INNOVATION AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 104.0k NOK → 261.9k NOK (equity ratio 18.8% → 49.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 984.8k NOK to 460.4k NOK (-53.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +380.5k NOK → +320.8k NOK (op. margin 38.6% → 69.7%). Calculated
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↓
Net result weakened
Net result +172.9k NOK → +158.0k NOK (net margin 17.6% → 34.3%). Calculated
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↓
Cash fell
Bank deposits 500.9k NOK → 471.8k NOK (-5.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 620.9k NOK → 117.3k NOK (-81.1% YoY). Calculated