ADOLPH TIDEMANDSGT 20/22 AS: årsregnskap 2003 vs 2002
Shrank 23% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADOLPH TIDEMANDSGT 20/22 AS. Revenue 3.32m NOK → 2.57m NOK (-22.8%). Net result +49.4k NOK → +86.1k NOK. Equity 6.71m NOK → 6.71m NOK.
On the constructive side: net result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +49.4k NOK → +86.1k NOK (net margin 1.5% → 3.4%). Calculated
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↑
Equity strengthened
Book equity 6.71m NOK → 6.71m NOK. Calculated
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↑
Current ratio back above 1×
Current ratio 0.35× → 27.13×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.32m NOK to 2.57m NOK (-22.8% YoY). Calculated
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↓
Operating result weakened
Operating result +739.6k NOK → +705.3k NOK (op. margin 22.3% → 27.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 0 NOK → 45.2k NOK (0% → 2% of revenue). Calculated