AJOUR EIENDOMSDRIFT AS: årsregnskap 2003 vs 2002
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AJOUR EIENDOMSDRIFT AS. Revenue 1.43m NOK → 1.40m NOK (-2.2%). Net result +24.6k NOK → +410.6k NOK. Equity 130.5k NOK → 135.4k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; cogs moved.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AJOUR EIENDOMSDRIFT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +31.4k NOK → +160.7k NOK (op. margin 2.2% → 11.5%). Calculated
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↑
Net result improved
Net result +24.6k NOK → +410.6k NOK (net margin 1.7% → 29.4%). Calculated
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↑
Equity strengthened
Book equity 130.5k NOK → 135.4k NOK (equity ratio 20.2% → 18.3%). Calculated
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Payroll decreased
Salary cost 1.96m NOK → 2 NOK (137% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.43m NOK to 1.40m NOK (-2.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.00× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 230.0k NOK → 138.64m NOK (+60173.5% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 105.9k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation