AGENTUR ROALD KVERNELAND AS: årsregnskap 2003 vs 2002
Grew 10% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AGENTUR ROALD KVERNELAND AS. Revenue 1.60m NOK → 1.76m NOK (+9.5%). Net result +30.9k NOK → +39.9k NOK. Equity 682.3k NOK → 722.1k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for AGENTUR ROALD KVERNELAND AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.60m NOK to 1.76m NOK (+9.5% YoY). Calculated
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↑
Net result improved
Net result +30.9k NOK → +39.9k NOK (net margin 1.9% → 2.3%). Calculated
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↑
Equity strengthened
Book equity 682.3k NOK → 722.1k NOK (equity ratio 71.8% → 2998.5%). Calculated
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↑
Payroll decreased
Salary cost 192.5k NOK → 29.9k NOK (12% → 2% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +97.6k NOK → +73.7k NOK (op. margin 6.1% → 4.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 1.05m NOK → 1.24m NOK (+18.8% YoY). Calculated