ADMINOR AS: årsregnskap 2003 vs 2002
Grew 10% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADMINOR AS. Revenue 3.48m NOK → 3.85m NOK (+10.4%). Net result +474.6k NOK → +447.6k NOK. Equity 348.7k NOK → 596.3k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADMINOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.48m NOK to 3.85m NOK (+10.4% YoY). Calculated
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↑
Operating result improved
Operating result +629.6k NOK → +647.7k NOK (op. margin 18.1% → 16.8%). Calculated
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↑
Equity strengthened
Book equity 348.7k NOK → 596.3k NOK (equity ratio 14.4% → 34.6%). Calculated
What deteriorated
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↓
Net result weakened
Net result +474.6k NOK → +447.6k NOK (net margin 13.6% → 11.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 2.41m NOK (0% → 63% of revenue). Calculated