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Org.nr 974 345 315 2002 → 2003 Year-over-year analysis

HVAL SJOKOLADEFABRIKK ASA: årsregnskap 2003 vs 2002

Grew 48% on revenue, slipped into loss

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for HVAL SJOKOLADEFABRIKK ASA. Revenue 19.30m NOK → 28.64m NOK (+48.4%). Net result +91.7k NOK → -258.6k NOK. Equity 3.55m NOK → 3.30m NOK.

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

Also worth watching: cogs moved. All figures are taken from the published annual accounts for HVAL SJOKOLADEFABRIKK ASA.

At a glance

Scorecard

Revenue
19.30m NOK 28.64m NOK
+48.4%
Operating result
+338.4k NOK +119.2k NOK
-64.8%
Net result
+91.7k NOK -258.6k NOK
-382.0%
Equity
3.55m NOK 3.30m NOK
-7.3%
Cash
149.6k NOK n/m
—
Total assets
8.31m NOK n/m
—

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 19.30m NOK to 28.64m NOK (+48.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +338.4k NOK → +119.2k NOK (op. margin 1.8% → 0.4%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 91.7k NOK profit to a loss of 258.6k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 3.55m NOK → 3.30m NOK. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 10.80m NOK → 17.69m NOK (+63.8% YoY). Calculated