AKADEMIET VGS ÅLESUND AS: årsregnskap 2003 vs 2002
Grew 79% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AKADEMIET VGS ÅLESUND AS. Revenue 3.59m NOK → 6.41m NOK (+78.7%). Net result +49.5k NOK → +73.4k NOK. Equity 149.5k NOK → 222.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for AKADEMIET VGS ÅLESUND AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.59m NOK to 6.41m NOK (+78.7% YoY). Calculated
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Operating result improved
Operating result +26.0k NOK → +59.4k NOK (op. margin 0.7% → 0.9%). Calculated
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Net result improved
Net result +49.5k NOK → +73.4k NOK (net margin 1.4% → 1.1%). Calculated
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Equity strengthened
Book equity 149.5k NOK → 222.9k NOK (equity ratio 3.0% → 6.4%). Calculated
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Current ratio back above 1×
Current ratio 0.97× → 1.03×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 2.81m NOK → 1.70m NOK (-39.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3 NOK → 12.8k NOK (0% → 0% of revenue). Calculated