FirmaIQ
Org.nr 917 997 500 2002 → 2003 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2003 vs 2002

Shrank 7% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AIR PRODUCTS AS. Revenue 193.87m NOK → 179.35m NOK (-7.5%). Net result +6.87m NOK → +6.50m NOK. Equity 58.97m NOK → 65.47m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIR PRODUCTS AS.

At a glance

Scorecard

Revenue
193.87m NOK 179.35m NOK
-7.5%
Operating result
+7.10m NOK +7.98m NOK
+12.4%
Net result
+6.87m NOK +6.50m NOK
-5.3%
Equity
58.97m NOK 65.47m NOK
+11.0%
Total assets
128.50m NOK 118.18m NOK
-8.0%

What improved

  • ↑

    Operating result improved

    Operating result +7.10m NOK → +7.98m NOK (op. margin 3.7% → 4.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 58.97m NOK → 65.47m NOK (equity ratio 45.9% → 55.4%). Calculated

  • ↑

    Payroll decreased

    Salary cost 38.17m NOK → 4 NOK (20% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 193.87m NOK to 179.35m NOK (-7.5% YoY). Calculated

  • ↓

    Net result weakened

    Net result +6.87m NOK → +6.50m NOK (net margin 3.5% → 3.6%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 3.14bn NOK → 3.13bn NOK (-0.4% YoY). Calculated