AIR & ROAD TRANSPORT AS: årsregnskap 2003 vs 2002
Grew 11% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AIR & ROAD TRANSPORT AS. Revenue 13.90m NOK → 15.41m NOK (+10.9%). Net result +666.6k NOK → +855.4k NOK. Equity 1.28m NOK → 1.54m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIR & ROAD TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 13.90m NOK to 15.41m NOK (+10.9% YoY). Calculated
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Operating result improved
Operating result +911.8k NOK → +1.13m NOK (op. margin 6.6% → 7.3%). Calculated
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Net result improved
Net result +666.6k NOK → +855.4k NOK (net margin 4.8% → 5.5%). Calculated
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Equity strengthened
Book equity 1.28m NOK → 1.54m NOK (equity ratio 35.8% → 36.8%). Calculated
Things to notice
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Payroll increased
Salary cost 1.43m NOK → 1.78m NOK (10% → 12% of revenue). Calculated
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COGS moved
COGS / varekostnad 10.05m NOK → 11.08m NOK (+10.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 513.3k NOK. Reported fact