A.R. CONSULTING AS: årsregnskap 2003 vs 2002
Grew 7% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A.R. CONSULTING AS. Revenue 2.64m NOK → 2.82m NOK (+7.0%). Net result +91.9k NOK → -84.9k NOK. Equity 151.4k NOK → 66.4k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for A.R. CONSULTING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.64m NOK to 2.82m NOK (+7.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.76× → 1.18×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +183.1k NOK → -46.8k NOK (op. margin 6.9% → -1.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 91.9k NOK profit to a loss of 84.9k NOK. Calculated
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↓
Equity eroded
Book equity 151.4k NOK → 66.4k NOK (equity ratio 56.2% → 4.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.68m NOK → 1.90m NOK (64% → 67% of revenue). Calculated