AGS EIENDOM AS: årsregnskap 2003 vs 2002
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AGS EIENDOM AS. Revenue 933.8k NOK → 967.3k NOK (+3.6%). Equity 2.21m NOK → 1.77m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for AGS EIENDOM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 933.8k NOK to 967.3k NOK (+3.6% YoY). Calculated
-
↑
Operating result improved
Operating result +512.0k NOK → +583.4k NOK (op. margin 54.8% → 60.3%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 2.21m NOK → 1.77m NOK (equity ratio 45.5% → 25.7%). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 2.10m NOK → 1.20m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 96.4k NOK → 2.14m NOK (10% → 221% of revenue). Calculated
-
·
Book investments changed
Investment / intangible book value 801.8k NOK → 954.0k NOK. Reported fact