A1 SECURITY AS: årsregnskap 2003 vs 2002
Shrank 36% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A1 SECURITY AS. Revenue 157.5k NOK → 100.8k NOK (-36.0%). Net result +105.5k NOK → +40.7k NOK. Equity 2 518 NOK → 88.2k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A1 SECURITY AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2 518 NOK → 88.2k NOK (equity ratio 1.7% → 93.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.87× → 15.06×. Calculated
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 157.5k NOK to 100.8k NOK (-36.0% YoY). Calculated
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↓
Operating result weakened
Operating result +88.8k NOK → +64.6k NOK (op. margin 56.4% → 64.1%). Calculated
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↓
Net result weakened
Net result +105.5k NOK → +40.7k NOK (net margin 67.0% → 40.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 40.2k NOK → 0 NOK (-100.0% YoY). Calculated