AKERSHUS KJØLESERVICE AS: årsregnskap 2003 vs 2002
Grew 35% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AKERSHUS KJØLESERVICE AS. Revenue 5.07m NOK → 6.86m NOK (+35.3%). Net result +1.16m NOK → +1.21m NOK. Equity 245.4k NOK → 311.6k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKERSHUS KJØLESERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.07m NOK to 6.86m NOK (+35.3% YoY). Calculated
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Operating result improved
Operating result +1.63m NOK → +1.71m NOK (op. margin 32.2% → 24.9%). Calculated
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Equity strengthened
Book equity 245.4k NOK → 311.6k NOK (equity ratio 10.0% → 10.0%). Calculated
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Payroll decreased
Salary cost 799.4k NOK → 1 488 NOK (16% → 0% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 833.5k NOK → 571.9k NOK (-31.4% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.04× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 1.97m NOK → 2 906 NOK (-99.9% YoY). Calculated