AB Invest A/S: årsregnskap 2002 vs 2001
Shrank 100% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AB Invest A/S. Revenue 5.35m NOK → 0 NOK (-100.0%). Net result +14.42m NOK → +5.18m NOK. Equity 25.17m NOK → 19.11m NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AB Invest A/S.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +4 450 NOK → +520.1k NOK. Calculated
-
↑
Payroll decreased
Salary cost 11.19m NOK → 8 190 NOK. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 5.35m NOK to 0 NOK (-100.0% YoY). Calculated
-
↓
Net result weakened
Net result +14.42m NOK → +5.18m NOK. Calculated
-
↓
Equity eroded
Book equity 25.17m NOK → 19.11m NOK (equity ratio 20.9% → 15.6%). Calculated
-
↓
Cash fell
Bank deposits 95.69m NOK → 35.94m NOK (-62.4% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (95.69m NOK → 35.94m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 32.9k NOK → 7.57m NOK. Reported fact