Org.nr 959 033 560 2002 → 2003 Year-over-year analysis

ARCTICZYMES TECHNOLOGIES ASA: årsregnskap 2003 vs 2002

Grew 10% on revenue

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for ARCTICZYMES TECHNOLOGIES ASA. Revenue 26.99m NOK → 29.59m NOK (+9.6%). Equity 65.61m NOK → 61.97m NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ARCTICZYMES TECHNOLOGIES ASA.

At a glance

Revenue

26.99m NOK 29.59m NOK

+9.6%

Operating result

-7.78m NOK -11.63m NOK

-49.4%

Equity

65.61m NOK 61.97m NOK

-5.6%

Total assets

70.59m NOK 66.86m NOK

-5.3%

↑
Revenue rose

Operating income / revenue moved from 26.99m NOK to 29.59m NOK (+9.6% YoY). Calculated

↓
Operating result weakened

Operating result -7.78m NOK → -11.63m NOK (op. margin -28.8% → -39.3%). Calculated
↓
Equity eroded

Book equity 65.61m NOK → 61.97m NOK (equity ratio 93.0% → 92.7%). Calculated

·
Payroll increased

Salary cost 8 NOK → 15.10m NOK (0% → 51% of revenue). Calculated
·
COGS moved

COGS / varekostnad 1.63m NOK → 2.44m NOK (+49.8% YoY). Calculated