AGROMILJØ EIENDOM AS: årsregnskap 2003 vs 2002
Shrank 24% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AGROMILJØ EIENDOM AS. Revenue 5.86m NOK → 4.45m NOK (-24.0%). Net result +11.0k NOK → +203.1k NOK. Equity 1.34m NOK → 1.54m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AGROMILJØ EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +140.5k NOK → +311.1k NOK (op. margin 2.4% → 7.0%). Calculated
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↑
Net result improved
Net result +11.0k NOK → +203.1k NOK (net margin 0.2% → 4.6%). Calculated
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↑
Equity strengthened
Book equity 1.34m NOK → 1.54m NOK (equity ratio 31.3% → 36.1%). Calculated
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↑
Payroll decreased
Salary cost 2.87m NOK → 2 003 NOK (49% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.86m NOK to 4.45m NOK (-24.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.90m NOK → 2.23m NOK (-42.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 50.0k NOK → 56.0k NOK. Reported fact