ADMINS AS: årsregnskap 2003 vs 2002
Shrank 8% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADMINS AS. Revenue 3.99m NOK → 3.67m NOK (-7.9%). Net result +259.8k NOK → +327.8k NOK. Equity 167.0k NOK → 144.8k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMINS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +275.2k NOK → +433.9k NOK (op. margin 6.9% → 11.8%). Calculated
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↑
Net result improved
Net result +259.8k NOK → +327.8k NOK (net margin 6.5% → 8.9%). Calculated
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Cash rose
Bank deposits 417.7k NOK → 575.9k NOK (+37.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.99m NOK to 3.67m NOK (-7.9% YoY). Calculated
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↓
Equity eroded
Book equity 167.0k NOK → 144.8k NOK (equity ratio 13.1% → 12.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 1.90m NOK (0% → 52% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 931.3k NOK → 742.4k NOK (-20.3% YoY). Calculated