3 STEP IT AS: årsregnskap 2002 vs 2001
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for 3 STEP IT AS. Net result +4.79m NOK → +11.3k NOK. Equity 6.58m NOK → 6.23m NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3 STEP IT AS.
At a glance
Scorecard
Revenue
44.82m NOK
n/m
—
Operating result
+437.1k NOK
+864.7k NOK
+97.8%
Net result
+4.79m NOK
+11.3k NOK
-99.8%
Equity
6.58m NOK
6.23m NOK
-5.3%
Total assets
65.84m NOK
80.46m NOK
+22.2%
What improved
-
↑
Operating result improved
Operating result +437.1k NOK → +864.7k NOK. Calculated
What deteriorated
-
↓
Net result weakened
Net result +4.79m NOK → +11.3k NOK. Calculated
-
↓
Equity eroded
Book equity 6.58m NOK → 6.23m NOK (equity ratio 10.0% → 7.7%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 21.55m NOK → 20.56m NOK (-4.6% YoY). Calculated