AGENDA KAUPANG AS: årsregnskap 2003 vs 2002
Shrank 19% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AGENDA KAUPANG AS. Revenue 31.36m NOK → 25.48m NOK (-18.8%). Equity 4.09m NOK → 3.72m NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AGENDA KAUPANG AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +662.0k NOK → +781.6k NOK (op. margin 2.1% → 3.1%). Calculated
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↑
Payroll decreased
Salary cost 18.50m NOK → 16.22m NOK (59% → 64% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 31.36m NOK to 25.48m NOK (-18.8% YoY). Calculated
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↓
Equity eroded
Book equity 4.09m NOK → 3.72m NOK (equity ratio 37.5% → 42.9%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 2.04m NOK → 1.86m NOK — check capital reduction, conversion, or reclassification. Interpretation