VOIM ASA: årsregnskap 2003 vs 2002
Grew 506% on revenue, returned to profit, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for VOIM ASA. Revenue 19.75m NOK → 119.74m NOK (+506.4%). Net result -24.03m NOK → +11.2k NOK. Equity -20.53m NOK → 70.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for VOIM ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 19.75m NOK to 119.74m NOK (+506.4% YoY). Calculated
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Operating result improved
Operating result -29.06m NOK → +6 300 NOK (op. margin -147.2% → 0.0%). Calculated
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Turned profitable
Net result flipped from a loss of 24.03m NOK to a profit of 11.2k NOK. Calculated
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Equity strengthened
Book equity -20.53m NOK → 70.7k NOK (equity ratio -21.9% → 0.1%). Calculated
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Current ratio back above 1×
Current ratio 0.99× → 2.29×. Calculated
Things to notice
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COGS fell
COGS / varekostnad 29.13m NOK → 202.5k NOK (-99.3% YoY). Calculated