AD DEKOR AS: årsregnskap 2003 vs 2002
Grew 41% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AD DEKOR AS. Revenue 9.19m NOK → 12.97m NOK (+41.1%). Net result -438.7k NOK → +149.5k NOK. Equity -107.7k NOK → 41.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AD DEKOR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 9.19m NOK to 12.97m NOK (+41.1% YoY). Calculated
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Operating result improved
Operating result -472.9k NOK → +406.9k NOK (op. margin -5.1% → 3.1%). Calculated
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Turned profitable
Net result flipped from a loss of 438.7k NOK to a profit of 149.5k NOK. Calculated
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Equity strengthened
Book equity -107.7k NOK → 41.7k NOK (equity ratio -3.5% → 1.6%). Calculated
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Payroll decreased
Salary cost 2.80m NOK → 2.60m NOK (30% → 20% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 3 500 NOK → 37.4k NOK. Reported fact