AIRCOIL AS: årsregnskap 2003 vs 2002
Grew 27% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AIRCOIL AS. Revenue 9.17m NOK → 11.63m NOK (+26.8%). Net result -571.1k NOK → +611.5k NOK. Equity 1.80m NOK → 1.01m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRCOIL AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 9.17m NOK to 11.63m NOK (+26.8% YoY). Calculated
-
↑
Operating result improved
Operating result -1.13m NOK → +854.1k NOK (op. margin -12.3% → 7.3%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 571.1k NOK to a profit of 611.5k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 1.80m NOK → 1.01m NOK (equity ratio 62.8% → 26.6%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 2.01m NOK → 2.04m NOK (22% → 18% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 6.57m NOK → 8.22m NOK (+25.2% YoY). Calculated