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Org.nr 935 299 276 2002 → 2003 Year-over-year analysis

AGRAF AS: årsregnskap 2003 vs 2002

Shrank 40% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AGRAF AS. Revenue 5.19m NOK → 3.11m NOK (-39.9%). Net result +436.9k NOK → +294.0k NOK. Equity 264.9k NOK → 380.2k NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
5.19m NOK 3.11m NOK
-39.9%
Operating result
+876.9k NOK +628.7k NOK
-28.3%
Net result
+436.9k NOK +294.0k NOK
-32.7%
Equity
264.9k NOK 380.2k NOK
+43.5%
Total assets
2.65m NOK 801.9k NOK
-69.7%

What improved

  • ↑

    Equity strengthened

    Book equity 264.9k NOK → 380.2k NOK (equity ratio 10.0% → 47.4%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.19m NOK to 3.11m NOK (-39.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +876.9k NOK → +628.7k NOK (op. margin 16.9% → 20.2%). Calculated

  • ↓

    Net result weakened

    Net result +436.9k NOK → +294.0k NOK (net margin 8.4% → 9.4%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost -694.1k NOK → 515.1k NOK (-13% → 17% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad -3.48m NOK → 1.36m NOK (+139.1% YoY). Calculated