Agnar Knutsen & Co AS: årsregnskap 2003 vs 2002
Shrank 99% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for Agnar Knutsen & Co AS. Revenue 17.50m NOK → 198.0k NOK (-98.9%). Net result +427.4k NOK → +28.9k NOK. Equity 2.49m NOK → 1.16m NOK.
On the constructive side: owners injected capital. 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 Knutsen & Co AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 225.2k NOK → 305.2k NOK (+80.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.50m NOK to 198.0k NOK (-98.9% YoY). Calculated
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↓
Operating result weakened
Operating result +491.7k NOK → -28.2k NOK (op. margin 2.8% → -14.2%). Calculated
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↓
Net result weakened
Net result +427.4k NOK → +28.9k NOK (net margin 2.4% → 14.6%). Calculated
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↓
Equity eroded
Book equity 2.49m NOK → 1.16m NOK (equity ratio 57.7% → 68.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 14.24m NOK → 0 NOK (-100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 30.0k NOK → 0 NOK. Reported fact