2ENTERTAIN NORGE AS: årsregnskap 2002 vs 2001
Grew 1346% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for 2ENTERTAIN NORGE AS. Revenue 909.9k NOK → 13.15m NOK (+1345.6%). Equity 85.5k NOK → 53.3k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 2ENTERTAIN NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 909.9k NOK to 13.15m NOK (+1345.6% YoY). Calculated
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↑
Operating result improved
Operating result -31.6k NOK → +130.1k NOK (op. margin -3.5% → 1.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 85.5k NOK → 53.3k NOK (equity ratio 10.5% → 6.0%). Calculated
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↓
Cash fell
Bank deposits 117.5k NOK → 25.5k NOK (-78.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 312 NOK → 2.40m NOK (0% → 18% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 197.8k NOK → 681.8k NOK (+244.6% YoY). Calculated