ADMINISTRATIV REGNSKAPSSERVICE AS: årsregnskap 2003 vs 2002
Grew 44% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADMINISTRATIV REGNSKAPSSERVICE AS. Revenue 2.23m NOK → 3.21m NOK (+44.1%). Net result +202.5k NOK → +275.9k NOK. Equity 105.3k NOK → 111.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMINISTRATIV REGNSKAPSSERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.23m NOK to 3.21m NOK (+44.1% YoY). Calculated
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Operating result improved
Operating result +266.8k NOK → +387.0k NOK (op. margin 12.0% → 12.1%). Calculated
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Net result improved
Net result +202.5k NOK → +275.9k NOK (net margin 9.1% → 8.6%). Calculated
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Equity strengthened
Book equity 105.3k NOK → 111.2k NOK (equity ratio 14.3% → 11.3%). Calculated
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Cash rose
Bank deposits 84.6k NOK → 96.0k NOK (+13.4% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 71.2k NOK → 221.7k NOK. Reported fact