Org.nr 947 504 614 2002 → 2003 Year-over-year analysis

AKB LIGHTING AS: årsregnskap 2003 vs 2002

Grew 28% on revenue, weaker earnings

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AKB LIGHTING AS. Revenue 14.65m NOK → 18.67m NOK (+27.5%). Net result +173.2k NOK → +1 129 NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AKB LIGHTING AS.

At a glance

Revenue

14.65m NOK 18.67m NOK

+27.5%

Operating result

+130.53m NOK +2 252 NOK

-100.0%

Net result

+173.2k NOK +1 129 NOK

-99.3%

Equity

1.48m NOK n/m

—

Cash

714.1k NOK 905.9k NOK

+26.9%

Total assets

13.50m NOK 9.39m NOK

-30.4%

↑
Revenue rose

Operating income / revenue moved from 14.65m NOK to 18.67m NOK (+27.5% YoY). Calculated
↑
Cash rose

Bank deposits 714.1k NOK → 905.9k NOK (+26.9% YoY). Calculated

↓
Operating result weakened

Operating result +130.53m NOK → +2 252 NOK (op. margin 891.3% → 0.0%). Calculated
↓
Net result weakened

Net result +173.2k NOK → +1 129 NOK (net margin 1.2% → 0.0%). Calculated

·
Payroll increased

Salary cost 3.66m NOK → 3.69m NOK (25% → 20% of revenue). Calculated
·
COGS moved

COGS / varekostnad 752.4k NOK → 10.04m NOK (+1233.8% YoY). Calculated