Org.nr 937 775 741 2002 → 2003 Year-over-year analysis

AERON AS: årsregnskap 2003 vs 2002

Shrank 17% on revenue

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AERON AS. Revenue 81.81m NOK → 68.10m NOK (-16.8%). Equity 9.20m NOK → 8.72m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AERON AS.

At a glance

Revenue

81.81m NOK 68.10m NOK

-16.8%

Operating result

+1.53m NOK +39.2k NOK

-97.4%

Equity

9.20m NOK 8.72m NOK

-5.2%

Cash

643.5k NOK 1.28m NOK

+99.1%

Total assets

23.44m NOK 15.80m NOK

-32.6%

↑
Cash rose

Bank deposits 643.5k NOK → 1.28m NOK (+99.1% YoY). Calculated
↑
Payroll decreased

Salary cost 11.25m NOK → 10.87m NOK (14% → 16% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 81.81m NOK to 68.10m NOK (-16.8% YoY). Calculated
↓
Operating result weakened

Operating result +1.53m NOK → +39.2k NOK (op. margin 1.9% → 0.1%). Calculated
↓
Equity eroded

Book equity 9.20m NOK → 8.72m NOK (equity ratio 39.3% → 55.2%). Calculated

·
COGS fell

COGS / varekostnad 61.52m NOK → -52.21m NOK (-184.9% YoY). Calculated