ADVANCED INTERNATIONAL MANAGEMENT AS: årsregnskap 2003 vs 2002
Shrank 40% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVANCED INTERNATIONAL MANAGEMENT AS. Revenue 4.11m NOK → 2.47m NOK (-39.9%). Net result +279.8k NOK → +925.4k NOK. Equity 385.4k NOK → 357.8k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVANCED INTERNATIONAL MANAGEMENT AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +697.9k NOK → +1.73m NOK (op. margin 17.0% → 69.9%). Calculated
-
↑
Net result improved
Net result +279.8k NOK → +925.4k NOK (net margin 6.8% → 37.4%). Calculated
-
↑
Payroll decreased
Salary cost 922.2k NOK → 127.8k NOK (22% → 5% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.11m NOK to 2.47m NOK (-39.9% YoY). Calculated
-
↓
Equity eroded
Book equity 385.4k NOK → 357.8k NOK (equity ratio 10.1% → 10.0%). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 0 NOK → 55.0k NOK. Reported fact