Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 08/2003 |  | Eyðstein Skipanes | MF |  | NSÍ Runavík | NSÍ Runavík |
| 05/2003 | | Arnbjørn Danielsen | DF |  | B36 Tórshavn | B36 |
| 01/2003 | | Mortan Hansen | GK | | NSÍ Runavík | NSÍ Runavík |
| 01/2003 |  | Albert Sævarsson | GK |  | UMF Grindavík | Grindavík |
| 01/2003 | | Ovi Brim | DF | |||
| 01/2003 | | Dánial Hansen | DF |  | Skála ÍF | Skála |
| 01/2003 | | Jóhan Højgaard | DF | |||
| 01/2003 | | Jacob Olsen | DF | |||
| 01/2003 | | Jóhan Poulsen | MF | |||
| 01/2003 | | Kristian Poulsen | MF | |||
| 01/2003 | | Kristian Andreassen | FW | |||
| 01/2003 | | Súni Fríði Johannesen | FW |  | GÍ Gøta | GÍ |
| 01/2003 | | Óli Olsen | FW | |||
| 01/2003 | | Petur Mohr | MA |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/2003 |  | Messias Perreira | DF | | NSÍ Runavík | NSÍ Runavík |
| 01/2003 | | Arnold Joensen | MF |  | KÍ Klaksvík | KÍ |
| 01/2003 |  | Anders Nygaard | FW |  | B.93 København | B.93 |
| 01/2003 | | Fríðin Ziskason | FW | | KÍ Klaksvík | KÍ |