FirmaIQ
Org.nr 981 401 883 2002 → 2003 Year-over-year analysis

AK BÅT OG BIL AS: årsregnskap 2003 vs 2002

Shrank 41% on revenue, stronger earnings, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AK BÅT OG BIL AS. Revenue 18.29m NOK → 10.86m NOK (-40.6%). Net result +255.6k NOK → +1.05m NOK. Equity 319.4k NOK → 219.2k NOK.

On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AK BÅT OG BIL AS.

At a glance

Scorecard

Revenue
18.29m NOK 10.86m NOK
-40.6%
Operating result
+643.6k NOK +1.55m NOK
+141.5%
Net result
+255.6k NOK +1.05m NOK
+310.7%
Equity
319.4k NOK 219.2k NOK
-31.4%
Cash
325.4k NOK 60.9k NOK
-81.3%
Total assets
2.97m NOK 1.95m NOK
-34.4%

What improved

  • ↑

    Operating result improved

    Operating result +643.6k NOK → +1.55m NOK (op. margin 3.5% → 14.3%). Calculated

  • ↑

    Net result improved

    Net result +255.6k NOK → +1.05m NOK (net margin 1.4% → 9.7%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.23× → 2.92×. Calculated

  • ↑

    Payroll decreased

    Salary cost 1.81m NOK → 1.01m NOK (10% → 9% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 18.29m NOK to 10.86m NOK (-40.6% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 319.4k NOK → 219.2k NOK (equity ratio 10.8% → 11.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 325.4k NOK → 60.9k NOK (-81.3% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 14.97m NOK → 7.56m NOK (-49.5% YoY). Calculated