AGROVIN AS: årsregnskap 2003 vs 2002
Grew 25% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AGROVIN AS. Revenue 2.17m NOK → 2.72m NOK (+25.5%). Net result +16.5k NOK → +347.3k NOK. Equity 2.78m NOK → 2.98m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGROVIN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.17m NOK to 2.72m NOK (+25.5% YoY). Calculated
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↑
Operating result improved
Operating result +59.4k NOK → +473.0k NOK (op. margin 2.7% → 17.4%). Calculated
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↑
Net result improved
Net result +16.5k NOK → +347.3k NOK (net margin 0.8% → 12.8%). Calculated
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↑
Equity strengthened
Book equity 2.78m NOK → 2.98m NOK (equity ratio 76.4% → 80.3%). Calculated
Things to notice
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·
Payroll increased
Salary cost 73.1k NOK → 1.13m NOK (3% → 42% of revenue). Calculated
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COGS moved
COGS / varekostnad 2 002 NOK → 835.1k NOK (+41615.2% YoY). Calculated