Org.nr 979 496 842 2002 → 2003 Year-over-year analysis

ADOLF JAHNSEN AS: årsregnskap 2003 vs 2002

Shrank 10% on revenue

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for ADOLF JAHNSEN AS. Revenue 40.75m NOK → 36.49m NOK (-10.4%). Equity 1.42m NOK → 1.90m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened.

Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADOLF JAHNSEN AS.

At a glance

Revenue

40.75m NOK 36.49m NOK

-10.4%

Operating result

+220.1k NOK +61.2k NOK

-72.2%

Equity

1.42m NOK 1.90m NOK

+34.3%

Total assets

12.20m NOK 10.74m NOK

-11.9%

↑
Equity strengthened

Book equity 1.42m NOK → 1.90m NOK (equity ratio 11.6% → 17.7%). Calculated
↑
Payroll decreased

Salary cost 5.55m NOK → 5.28m NOK (14% → 14% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 40.75m NOK to 36.49m NOK (-10.4% YoY). Calculated
↓
Operating result weakened

Operating result +220.1k NOK → +61.2k NOK (op. margin 0.5% → 0.2%). Calculated

·
Paid-in equity reduced

Paid-in equity fell 170.0k NOK → 620 NOK — check capital reduction, conversion, or reclassification. Interpretation
·
COGS fell

COGS / varekostnad 29.94m NOK → 26.16m NOK (-12.6% YoY). Calculated