Org.nr 839 766 602 2002 → 2003 Year-over-year analysis

AKERSHUS RENHOLD AS: årsregnskap 2003 vs 2002

Mixed movements in the accounts

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AKERSHUS RENHOLD AS. Revenue 21.58m NOK → 20.97m NOK (-2.8%). Equity 919.2k NOK → 66.5k NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSHUS RENHOLD AS.

At a glance

Revenue

21.58m NOK 20.97m NOK

-2.8%

Operating result

+1.55m NOK +1.70m NOK

+9.8%

Equity

919.2k NOK 66.5k NOK

-92.8%

Total assets

7.35m NOK 7.44m NOK

+1.2%

↑
Operating result improved

Operating result +1.55m NOK → +1.70m NOK (op. margin 7.2% → 8.1%). Calculated
↑
Payroll decreased

Salary cost 15.13m NOK → 13.86m NOK (70% → 66% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 21.58m NOK to 20.97m NOK (-2.8% YoY). Calculated
↓
Equity eroded

Book equity 919.2k NOK → 66.5k NOK (equity ratio 12.5% → 0.9%). Calculated
↓
COGS moved

COGS / varekostnad 2.20m NOK → 2.92m NOK (+33.2% YoY). Calculated

·
Thin equity buffer

Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation