2ENTERTAIN NORGE AS: årsregnskap 2003 vs 2002
Grew 215% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 2ENTERTAIN NORGE AS. Revenue 13.15m NOK → 41.43m NOK (+215.0%). Equity 53.3k NOK → 391.0k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; 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 13.15m NOK to 41.43m NOK (+215.0% YoY). Calculated
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↑
Equity strengthened
Book equity 53.3k NOK → 391.0k NOK (equity ratio 6.0% → 4.8%). Calculated
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↑
Cash rose
Bank deposits 25.5k NOK → 1.66m NOK (+6383.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.40m NOK → 2 003 NOK (18% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +130.1k NOK → -2.40m NOK (op. margin 1.0% → -5.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 600 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 681.8k NOK → 27.94m NOK (+3998.3% YoY). Calculated