AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS: årsregnskap 2002 vs 2001
Grew 19% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS. Revenue 24.14m NOK → 28.79m NOK (+19.2%). Net result +791.2k NOK → +577.8k NOK. Equity 5.78m NOK → 4.51m NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: net result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 24.14m NOK to 28.79m NOK (+19.2% YoY). Calculated
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↑
Operating result improved
Operating result +1.03m NOK → +2.15m NOK (op. margin 4.3% → 7.5%). Calculated
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Payroll decreased
Salary cost -7.94m NOK → -8.35m NOK (-33% → -29% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +791.2k NOK → +577.8k NOK (net margin 3.3% → 2.0%). Calculated
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↓
Equity eroded
Book equity 5.78m NOK → 4.51m NOK (equity ratio 49.1% → 32.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad -12.52m NOK → -15.46m NOK (-23.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 1.32m NOK. Reported fact