AIWELL AS: årsregnskap 2003 vs 2002
Grew 60% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AIWELL AS. Revenue 3.58m NOK → 5.73m NOK (+60.0%). Net result +378.2k NOK → +100.4k NOK. Equity 735.1k NOK → 335.5k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIWELL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.58m NOK to 5.73m NOK (+60.0% YoY). Calculated
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↑
Operating result improved
Operating result +547.2k NOK → +659.9k NOK (op. margin 15.3% → 11.5%). Calculated
What deteriorated
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↓
Net result weakened
Net result +378.2k NOK → +100.4k NOK (net margin 10.6% → 1.8%). Calculated
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↓
Equity eroded
Book equity 735.1k NOK → 335.5k NOK (equity ratio 29.7% → 10.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 789.7k NOK → 970.3k NOK (22% → 17% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.45m NOK → 2.10m NOK (+44.9% YoY). Calculated