A M HANSEN MASKINERING AS: årsregnskap 2002 vs 2001
Grew 13% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A M HANSEN MASKINERING AS. Revenue 2.21m NOK → 2.50m NOK (+12.8%). Net result -68.8k NOK → -32.0k NOK. Equity 35.1k NOK → 3 081 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A M HANSEN MASKINERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.21m NOK to 2.50m NOK (+12.8% YoY). Calculated
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↑
Operating result improved
Operating result -35.6k NOK → +27.2k NOK (op. margin -1.6% → 1.1%). Calculated
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↑
Net result improved
Net result -68.8k NOK → -32.0k NOK (net margin -3.1% → -1.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 35.1k NOK → 3 081 NOK (equity ratio 3.4% → 0.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 797.8k NOK → 918.0k NOK (36% → 37% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 657.3k NOK → 757.3k NOK (+15.2% YoY). Calculated