FirmaIQ
Org.nr 946 598 038 2002 → 2003 Year-over-year analysis

GRIEG SEAFOOD ASA: årsregnskap 2003 vs 2002

Grew 46% on revenue, slipped into loss, fresh owner capital

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for GRIEG SEAFOOD ASA. Revenue 182.66m NOK → 267.46m NOK (+46.4%). Net result +237.89m NOK → -10.71m NOK. Equity 174.71m NOK → 206.97m NOK.

On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; fell into a net loss.

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for GRIEG SEAFOOD ASA.

At a glance

Scorecard

Revenue
182.66m NOK 267.46m NOK
+46.4%
Operating result
+9.47m NOK +1.07m NOK
-88.7%
Net result
+237.89m NOK -10.71m NOK
-104.5%
Equity
174.71m NOK 206.97m NOK
+18.5%
Total assets
330.89m NOK 398.72m NOK
+20.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 182.66m NOK to 267.46m NOK (+46.4% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 174.71m NOK → 206.97m NOK (equity ratio 52.8% → 51.9%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 164.06m NOK → 207.02m NOK (+42.97m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result +9.47m NOK → +1.07m NOK (op. margin 5.2% → 0.4%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 237.89m NOK profit to a loss of 10.71m NOK. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 167.67m NOK → 231.40m NOK (+38.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 44.03m NOK → 34.03m NOK. Reported fact