Org.nr 914 728 398 2002 → 2003 Year-over-year analysis

AKASIEN HOLDING AS: årsregnskap 2003 vs 2002

Stronger earnings

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AKASIEN HOLDING AS. Revenue 17.87m NOK → 18.53m NOK (+3.7%). Net result +1.46m NOK → +1.83m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for AKASIEN HOLDING AS.

At a glance

Revenue

17.87m NOK 18.53m NOK

+3.7%

Operating result

+1.98m NOK +2.50m NOK

+26.7%

Net result

+1.46m NOK +1.83m NOK

+25.7%

Equity

1.73m NOK n/m

—

Cash

4.61m NOK n/m

—

Total assets

7.33m NOK 8.06m NOK

+10.1%

↑
Revenue rose

Operating income / revenue moved from 17.87m NOK to 18.53m NOK (+3.7% YoY). Calculated
↑
Operating result improved

Operating result +1.98m NOK → +2.50m NOK (op. margin 11.1% → 13.5%). Calculated
↑
Net result improved

Net result +1.46m NOK → +1.83m NOK (net margin 8.2% → 9.9%). Calculated

↓
Current ratio dropped below 1×

Current ratio 1.11× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Payroll increased

Salary cost 2 002 NOK → 5.00m NOK (0% → 27% of revenue). Calculated