AE EIENDOM AS: årsregnskap 2003 vs 2002
Shrank 12% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AE EIENDOM AS. Revenue 2.69m NOK → 2.37m NOK (-11.8%). Net result +179.6k NOK → +136.7k NOK. Equity 60.6k NOK → 197.3k NOK.
On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AE EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +117.4k NOK → +228.8k NOK (op. margin 4.4% → 9.6%). Calculated
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↑
Equity strengthened
Book equity 60.6k NOK → 197.3k NOK (equity ratio 3.4% → 11.7%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.91× → 1.12×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.69m NOK to 2.37m NOK (-11.8% YoY). Calculated
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↓
Net result weakened
Net result +179.6k NOK → +136.7k NOK (net margin 6.7% → 5.8%). Calculated
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↓
Cash fell
Bank deposits 92.2k NOK → 3 092 NOK (-96.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 675.8k NOK (0% → 28% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.39m NOK → 1.09m NOK (-22.1% YoY). Calculated