ADMINISTRASJONSPARTNER AS: årsregnskap 2003 vs 2002
Shrank 27% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADMINISTRASJONSPARTNER AS. Revenue 544.9k NOK → 399.7k NOK (-26.6%). Net result -17.8k NOK → +19.8k NOK. Equity 132.2k NOK → 112.4k NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMINISTRASJONSPARTNER AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 17.8k NOK to a profit of 19.8k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 544.9k NOK to 399.7k NOK (-26.6% YoY). Calculated
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↓
Operating result weakened
Operating result -25.9k NOK → -28.4k NOK (op. margin -4.8% → -7.1%). Calculated
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↓
Equity eroded
Book equity 132.2k NOK → 112.4k NOK (equity ratio 55.0% → 19.8%). Calculated
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↓
Payroll up without matching revenue
Salary cost -170.2k NOK → 182.1k NOK (-31% → 46% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 48.0k NOK → 30.2k NOK (-37.1% YoY). Calculated