NEL ASA: årsregnskap 2003 vs 2002
Shrank 94% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for NEL ASA. Revenue 660.1k NOK → 37.0k NOK (-94.4%). Net result -9.10m NOK → -6.65m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for NEL ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -9.72m NOK → -6.80m NOK (op. margin -1472.1% → -18385.9%). Calculated
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↑
Net result improved
Net result -9.10m NOK → -6.65m NOK (net margin -1379.1% → -17960.5%). Calculated
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↑
Payroll decreased
Salary cost 5.62m NOK → 4.89m NOK (851% → 13229% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 660.1k NOK to 37.0k NOK (-94.4% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 9.42m NOK → 7.45m NOK — check capital reduction, conversion, or reclassification. Interpretation