Org.nr 934 417 518 2002 → 2003 Year-over-year analysis

A. M. LIAAEN AS: årsregnskap 2003 vs 2002

Shrank 45% on revenue, fresh owner capital

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2003 with 2002 for A. M. LIAAEN AS. Revenue 103.33m NOK → 56.37m NOK (-45.4%). Equity 25.23m NOK → 51.63m NOK.

On the constructive side: equity strengthened; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; operating result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A. M. LIAAEN AS.

Scorecard

Revenue
103.33m NOK 56.37m NOK
-45.4%
Operating result
+775.8k NOK +202.8k NOK
-73.9%
Equity
25.23m NOK 51.63m NOK
+104.6%
Total assets
27.61m NOK 72.28m NOK
+161.9%

What improved

  • ↑

    Equity strengthened

    Book equity 25.23m NOK → 51.63m NOK (equity ratio 91.4% → 71.4%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.39× → 3.14×. Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 12.62m NOK → 44.78m NOK (+32.16m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 103.33m NOK to 56.37m NOK (-45.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +775.8k NOK → +202.8k NOK (op. margin 0.8% → 0.4%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 537.4k NOK → 1.61m NOK. Reported fact