EQVA ASA: årsregnskap 2003 vs 2002
Shrank 60% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for EQVA ASA. Revenue 3.87m NOK → 1.57m NOK (-59.5%). Net result +853.3k NOK → +2.79m NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for EQVA ASA.
At a glance
Scorecard
Revenue
3.87m NOK
1.57m NOK
-59.5%
Operating result
+1.85m NOK
-2.86m NOK
-254.7%
Net result
+853.3k NOK
+2.79m NOK
+227.4%
Equity
n/m
4.92m NOK
—
Total assets
30.32m NOK
27.59m NOK
-9.0%
What improved
-
↑
Net result improved
Net result +853.3k NOK → +2.79m NOK (net margin 22.1% → 178.3%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.87m NOK to 1.57m NOK (-59.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +1.85m NOK → -2.86m NOK (op. margin 47.8% → -182.8%). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 29.47m NOK → 26.33m NOK. Reported fact