AKERSHUS HÅNDTVERKSTJENESTER AS: årsregnskap 2003 vs 2002
Grew 13% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AKERSHUS HÅNDTVERKSTJENESTER AS. Revenue 5.55m NOK → 6.25m NOK (+12.6%). Net result +534.4k NOK → +211.7k NOK. Equity 500.8k NOK → 712.5k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AKERSHUS HÅNDTVERKSTJENESTER AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 5.55m NOK to 6.25m NOK (+12.6% YoY). Calculated
-
↑
Equity strengthened
Book equity 500.8k NOK → 712.5k NOK (equity ratio 16.2% → 20.6%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
-
↑
Payroll decreased
Salary cost 1.73m NOK → 2 NOK (31% → 0% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +838.6k NOK → +144.5k NOK (op. margin 15.1% → 2.3%). Calculated
-
↓
Net result weakened
Net result +534.4k NOK → +211.7k NOK (net margin 9.6% → 3.4%). Calculated
-
↓
Cash fell
Bank deposits 358.2k NOK → 152.7k NOK (-57.4% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 552.7k NOK → 783.9k NOK. Reported fact