A. M. LIAAEN AS: årsregnskap 2003 vs 2002
Shrank 45% on revenue, fresh owner capital
Summary
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.
At a glance
Scorecard
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