AICON AS: årsregnskap 2003 vs 2002
Shrank 46% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AICON AS. Revenue 4.06m NOK → 2.20m NOK (-45.9%). Net result -218.9k NOK → +101.0k NOK. Equity 9 925 NOK → 160.9k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AICON AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -197.6k NOK → +90.5k NOK (op. margin -4.9% → 4.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 218.9k NOK to a profit of 101.0k NOK. Calculated
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↑
Equity strengthened
Book equity 9 925 NOK → 160.9k NOK (equity ratio 1.7% → 32.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.06m NOK to 2.20m NOK (-45.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost -1.78m NOK → 1.11m NOK (-44% → 50% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 997.4k NOK → 728.3k NOK (-27.0% YoY). Calculated