ADVACO AS: årsregnskap 2003 vs 2002
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVACO AS. Revenue 1.09m NOK → 1.11m NOK (+2.6%). Net result +7 033 NOK → +37.6k NOK. Equity 111.0k NOK → 148.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVACO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.09m NOK to 1.11m NOK (+2.6% YoY). Calculated
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↑
Operating result improved
Operating result +29.0k NOK → +79.1k NOK (op. margin 2.7% → 7.1%). Calculated
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↑
Net result improved
Net result +7 033 NOK → +37.6k NOK (net margin 0.6% → 3.4%). Calculated
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↑
Equity strengthened
Book equity 111.0k NOK → 148.6k NOK (equity ratio 6.8% → 10.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 69.5k NOK → 1.24m NOK (6% → 111% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 917.3k NOK → 619.7k NOK (-32.4% YoY). Calculated