A STAKE AS: årsregnskap 2002 vs 2001
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A STAKE AS. Revenue 3.55m NOK → 3.55m NOK (+0.1%). Net result +6 848 NOK → +39.4k NOK. Equity 118.2k NOK → 78.8k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A STAKE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.55m NOK to 3.55m NOK (+0.1% YoY). Calculated
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↑
Net result improved
Net result +6 848 NOK → +39.4k NOK (net margin 0.2% → 1.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +41.2k NOK → +9 505 NOK (op. margin 1.2% → 0.3%). Calculated
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↓
Equity eroded
Book equity 118.2k NOK → 78.8k NOK (equity ratio 9.4% → 6.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.48m NOK → 1.31m NOK (-11.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 17.0k NOK → 5 569 NOK. Reported fact