A SKAUG TRANSPORT AS: årsregnskap 2002 vs 2001
Shrank 8% on revenue, returned to profit, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A SKAUG TRANSPORT AS. Revenue 10.54m NOK → 9.69m NOK (-8.1%). Net result -1 467 NOK → +173.3k NOK. Equity 587.4k NOK → 414.1k NOK.
On the constructive side: turned profitable; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A SKAUG TRANSPORT AS.
At a glance
Scorecard
What improved
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Turned profitable
Net result flipped from a loss of 1 467 NOK to a profit of 173.3k NOK. Calculated
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Payroll decreased
Salary cost 4.84m NOK → 4.63m NOK (46% → 48% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.54m NOK to 9.69m NOK (-8.1% YoY). Calculated
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Operating result weakened
Operating result +729.3k NOK → +395.0k NOK (op. margin 6.9% → 4.1%). Calculated
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Equity eroded
Book equity 587.4k NOK → 414.1k NOK (equity ratio 5.7% → 4.8%). Calculated
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Cash fell
Bank deposits 478.7k NOK → 127.9k NOK (-73.3% YoY). Calculated
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COGS moved
COGS / varekostnad 100.3k NOK → 128.6k NOK (+28.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation