99X INCREO AS: årsregnskap 2002 vs 2001
Grew 454% on revenue, stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for 99X INCREO AS. Revenue 411.2k NOK → 2.28m NOK (+454.3%). Net result +123.9k NOK → +182.6k NOK. Equity 170.3k NOK → 140.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 99X INCREO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 411.2k NOK to 2.28m NOK (+454.3% YoY). Calculated
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Operating result improved
Operating result +103.9k NOK → +311.0k NOK (op. margin 25.3% → 13.6%). Calculated
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Net result improved
Net result +123.9k NOK → +182.6k NOK (net margin 30.1% → 8.0%). Calculated
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Current ratio back above 1×
Current ratio 0.18× → 1.87×. Calculated
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↑
Owners injected capital
Paid-in equity rose 190 NOK → 100.0k NOK (+99.8k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 170.3k NOK → 140.4k NOK (equity ratio 13.8% → 14.6%). Calculated
Things to notice
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COGS fell
COGS / varekostnad 574.1k NOK → 395.5k NOK (-31.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 50.1k NOK → 75.0k NOK. Reported fact