A&B ELEKTRO INSTALLASJON AS: årsregnskap 2002 vs 2001
Shrank 45% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A&B ELEKTRO INSTALLASJON AS. Revenue 918.4k NOK → 508.8k NOK (-44.6%). Net result +622.0k NOK → +197.9k NOK. Equity 115.1k NOK → 82.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for A&B ELEKTRO INSTALLASJON AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 315.4k NOK → 129.8k NOK (34% → 26% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 918.4k NOK to 508.8k NOK (-44.6% YoY). Calculated
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↓
Operating result weakened
Operating result +605.6k NOK → +184.9k NOK (op. margin 65.9% → 36.3%). Calculated
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↓
Net result weakened
Net result +622.0k NOK → +197.9k NOK (net margin 67.7% → 38.9%). Calculated
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↓
Equity eroded
Book equity 115.1k NOK → 82.8k NOK (equity ratio 19.2% → 15.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 672.1k NOK → 217.8k NOK (-67.6% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 2 → 1. Reported fact