3D-ELEKTROSENTER AS: årsregnskap 2002 vs 2001
Shrank 29% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for 3D-ELEKTROSENTER AS. Revenue 28.13m NOK → 20.07m NOK (-28.7%). Net result +413.6k NOK → +933.7k NOK. Equity 2.80m NOK → 930.5k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 3D-ELEKTROSENTER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +36.3k NOK → +1.34m NOK (op. margin 0.1% → 6.7%). Calculated
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Net result improved
Net result +413.6k NOK → +933.7k NOK (net margin 1.5% → 4.7%). Calculated
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Payroll decreased
Salary cost 3.25m NOK → 2.40m NOK (12% → 12% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 28.13m NOK to 20.07m NOK (-28.7% YoY). Calculated
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↓
Equity eroded
Book equity 2.80m NOK → 930.5k NOK (equity ratio 29.3% → 10.2%). Calculated
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Current ratio dropped below 1×
Current ratio 1.33× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 20.83m NOK → 14.94m NOK (-28.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 334.0k NOK → 890 NOK. Reported fact