A-VARER AS: årsregnskap 2002 vs 2001
Shrank 16% on revenue
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A-VARER AS. Revenue 1.88m NOK → 1.57m NOK (-16.5%). Equity 171.7k NOK → 91.6k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A-VARER AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.88m NOK to 1.57m NOK (-16.5% YoY). Calculated
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↓
Operating result weakened
Operating result +72.6k NOK → -72.6k NOK (op. margin 3.9% → -4.6%). Calculated
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↓
Equity eroded
Book equity 171.7k NOK → 91.6k NOK (equity ratio 10.1% → 8.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 330.0k NOK → 358.0k NOK (18% → 23% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.23m NOK → 1.11m NOK (-9.8% YoY). Calculated