A WADAHL ANLEGGSERVICE AS: årsregnskap 2003 vs 2002
Shrank 10% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A WADAHL ANLEGGSERVICE AS. Revenue 1.19m NOK → 1.07m NOK (-9.6%). Equity 141.3k NOK → 14.1k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A WADAHL ANLEGGSERVICE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -22.1k NOK → +103.1k NOK (op. margin -1.9% → 9.6%). Calculated
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Payroll decreased
Salary cost 241.9k NOK → 65.4k NOK (20% → 6% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.19m NOK to 1.07m NOK (-9.6% YoY). Calculated
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↓
Equity eroded
Book equity 141.3k NOK → 14.1k NOK (equity ratio 19.6% → 2.3%). Calculated
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↓
COGS moved
COGS / varekostnad 0 NOK → 201.0k NOK (None YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation