ACUSTO AS: årsregnskap 2003 vs 2002
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACUSTO AS. Revenue 8.33m NOK → 8.23m NOK (-1.2%). Net result +542.5k NOK → +216.7k NOK. Equity 416.7k NOK → 367.4k NOK.
On the constructive side: cash rose. 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 ACUSTO AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 329.8k NOK → 558.7k NOK (+69.4% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 8.33m NOK to 8.23m NOK (-1.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +659.7k NOK → +313.1k NOK (op. margin 7.9% → 3.8%). Calculated
-
↓
Net result weakened
Net result +542.5k NOK → +216.7k NOK (net margin 6.5% → 2.6%). Calculated
-
↓
Equity eroded
Book equity 416.7k NOK → 367.4k NOK (equity ratio 10.0% → 10.0%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.66m NOK → 2.30m NOK (20% → 28% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 4.18m NOK → 4.03m NOK (-3.6% YoY). Calculated