BOUVET ASA: årsregnskap 2003 vs 2002
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for BOUVET ASA. Revenue 128.24m NOK → 130.05m NOK (+1.4%). Equity 14.06m NOK → 28.60m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for BOUVET ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 128.24m NOK to 130.05m NOK (+1.4% YoY). Calculated
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↑
Operating result improved
Operating result +304.2k NOK → +653.7k NOK (op. margin 0.2% → 0.5%). Calculated
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↑
Equity strengthened
Book equity 14.06m NOK → 28.60m NOK (equity ratio 26.9% → 44.8%). Calculated
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↑
Payroll decreased
Salary cost 90.17m NOK → 78.31m NOK (70% → 60% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 13.85m NOK → 7.90m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 13.17m NOK → 20.74m NOK (+57.5% YoY). Calculated