AKERSHUS REKLAME TEAM AS: årsregnskap 2003 vs 2002
Grew 296% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AKERSHUS REKLAME TEAM AS. Revenue 10.58m NOK → 41.90m NOK (+296.0%). Net result +28.7k NOK → +161.7k NOK. Equity 334.3k NOK → 343.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for AKERSHUS REKLAME TEAM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 10.58m NOK to 41.90m NOK (+296.0% YoY). Calculated
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Operating result improved
Operating result +227.2k NOK → +362.9k NOK (op. margin 2.1% → 0.9%). Calculated
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Net result improved
Net result +28.7k NOK → +161.7k NOK (net margin 0.3% → 0.4%). Calculated
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↑
Equity strengthened
Book equity 334.3k NOK → 343.0k NOK (equity ratio 10.0% → 11.1%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 3.26m NOK → 3.44m NOK (31% → 8% of revenue). Calculated
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COGS fell
COGS / varekostnad 2.65m NOK → 2.40m NOK (-9.2% YoY). Calculated