A2G VIDERE AS: årsregnskap 2002 vs 2001
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A2G VIDERE AS. Revenue 6.48m NOK → 6.53m NOK (+0.8%). Net result +377.3k NOK → +211.7k NOK. Equity 1.77m NOK → 308.3k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A2G VIDERE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.48m NOK to 6.53m NOK (+0.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.71m NOK → 2.29m NOK (42% → 35% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +547.6k NOK → +325.9k NOK (op. margin 8.5% → 5.0%). Calculated
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↓
Net result weakened
Net result +377.3k NOK → +211.7k NOK (net margin 5.8% → 3.2%). Calculated
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↓
Equity eroded
Book equity 1.77m NOK → 308.3k NOK (equity ratio 51.9% → 10.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 62.89× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 10.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.10m NOK → 2.08m NOK (-1.0% YoY). Calculated