AJA FORVALTNING AS: årsregnskap 2003 vs 2002
Grew 15% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AJA FORVALTNING AS. Revenue 5.73m NOK → 6.61m NOK (+15.2%). Net result -12.1k NOK → +60.4k NOK. Equity 130.0k NOK → 290.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AJA FORVALTNING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.73m NOK to 6.61m NOK (+15.2% YoY). Calculated
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↑
Operating result improved
Operating result +27.4k NOK → +144.7k NOK (op. margin 0.5% → 2.2%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 12.1k NOK to a profit of 60.4k NOK. Calculated
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↑
Equity strengthened
Book equity 130.0k NOK → 290.4k NOK (equity ratio 8.6% → 15.6%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.43× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2.96m NOK → 3.47m NOK (52% → 52% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.03m NOK → 2.57m NOK (+26.7% YoY). Calculated