AEVENT AS: årsregnskap 2003 vs 2002
Grew 234% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AEVENT AS. Revenue 1.08m NOK → 3.62m NOK (+234.4%). Net result -1 437 NOK → -67.0k NOK. Equity 98.8k NOK → 31.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. All figures are taken from the published annual accounts for AEVENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.08m NOK to 3.62m NOK (+234.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -5 919 NOK → -85.5k NOK (op. margin -0.5% → -2.4%). Calculated
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↓
Net result weakened
Net result -1 437 NOK → -67.0k NOK (net margin -0.1% → -1.9%). Calculated
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↓
Equity eroded
Book equity 98.8k NOK → 31.8k NOK (equity ratio 35.1% → 17.2%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 7.10m NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 71.6k NOK → 1.31m NOK (7% → 36% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 833.4k NOK → 93.1k NOK (-88.8% YoY). Calculated