Org.nr 982 930 030 2002 → 2003 Year-over-year analysis

AKERHOLT AS: årsregnskap 2003 vs 2002

Shrank 15% on revenue

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AKERHOLT AS. Revenue 3.36m NOK → 2.84m NOK (-15.5%). Equity 333.0k NOK → 297.6k NOK.

On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKERHOLT AS.

At a glance

Revenue

3.36m NOK 2.84m NOK

-15.5%

Operating result

+531.7k NOK +444.0k NOK

-16.5%

Equity

333.0k NOK 297.6k NOK

-10.6%

Cash

748.8k NOK 617.6k NOK

-17.5%

Total assets

1.51m NOK 131.4k NOK

-91.3%

↑
Current ratio back above 1×

Current ratio 0.33× → 1.61×. Calculated
↑
Payroll decreased

Salary cost 496.2k NOK → -529.9k NOK (15% → -19% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 3.36m NOK to 2.84m NOK (-15.5% YoY). Calculated
↓
Operating result weakened

Operating result +531.7k NOK → +444.0k NOK (op. margin 15.8% → 15.6%). Calculated
↓
Equity eroded

Book equity 333.0k NOK → 297.6k NOK (equity ratio 22.0% → 226.4%). Calculated
↓
Cash fell

Bank deposits 748.8k NOK → 617.6k NOK (-17.5% YoY). Calculated