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Org.nr 912 240 207 2002 → 2003 Year-over-year analysis

AGNAR HAGEN AS: årsregnskap 2003 vs 2002

Shrank 7% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AGNAR HAGEN AS. Revenue 23.79m NOK → 22.12m NOK (-7.0%). Net result +1.65m NOK → +996.5k NOK. Equity 4 615 NOK → 1.35m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGNAR HAGEN AS.

At a glance

Scorecard

Revenue
23.79m NOK 22.12m NOK
-7.0%
Operating result
+3.10m NOK +2.00m NOK
-35.4%
Net result
+1.65m NOK +996.5k NOK
-39.5%
Equity
4 615 NOK 1.35m NOK
+29187.8%
Total assets
14.35m NOK 12.78m NOK
-11.0%

What improved

  • ↑

    Equity strengthened

    Book equity 4 615 NOK → 1.35m NOK (equity ratio 0.0% → 10.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 23.79m NOK to 22.12m NOK (-7.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.10m NOK → +2.00m NOK (op. margin 13.0% → 9.1%). Calculated

  • ↓

    Net result weakened

    Net result +1.65m NOK → +996.5k NOK (net margin 6.9% → 4.5%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 4.81m NOK → 4.87m NOK (20% → 22% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 13.09m NOK → 12.41m NOK (-5.2% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 0 NOK → 12.6k NOK. Reported fact