ADMIN AS: årsregnskap 2003 vs 2002
Grew 10% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADMIN AS. Revenue 6.62m NOK → 7.31m NOK (+10.3%). Equity 532.6k NOK → 509.3k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for ADMIN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.62m NOK to 7.31m NOK (+10.3% YoY). Calculated
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↑
Operating result improved
Operating result +820.5k NOK → +867.1k NOK (op. margin 12.4% → 11.9%). Calculated
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↑
Payroll decreased
Salary cost 913.9k NOK → 48.7k NOK (14% → 1% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 532.6k NOK → 509.3k NOK (equity ratio 18.5% → 14.6%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 200.0k NOK → 500 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 3.68m NOK → 4.03m NOK (+9.4% YoY). Calculated