AKERSHUS BYGGMESTERFORRETNING AS: årsregnskap 2003 vs 2002
Grew 17% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AKERSHUS BYGGMESTERFORRETNING AS. Revenue 20.62m NOK → 24.12m NOK (+17.0%). Net result +902.9k NOK → +294.6k NOK. Equity 1.58m NOK → 2.57m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AKERSHUS BYGGMESTERFORRETNING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 20.62m NOK to 24.12m NOK (+17.0% YoY). Calculated
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↑
Operating result improved
Operating result +120.5k NOK → +232.8k NOK (op. margin 0.6% → 1.0%). Calculated
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↑
Equity strengthened
Book equity 1.58m NOK → 2.57m NOK (equity ratio 25.6% → 31.7%). Calculated
What deteriorated
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↓
Net result weakened
Net result +902.9k NOK → +294.6k NOK (net margin 4.4% → 1.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost -10.48m NOK → 3 NOK (-51% → 0% of revenue). Calculated
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·
COGS moved
COGS / varekostnad -6.07m NOK → 6 NOK (+100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 14.8k NOK → 0 NOK. Reported fact