AB SNEKKERN AS: årsregnskap 2002 vs 2001
Grew 2664% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AB SNEKKERN AS. Revenue 169.4k NOK → 4.68m NOK (+2663.8%). Net result +1.56m NOK → +1.16m NOK. Equity 366.5k NOK → 728.4k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AB SNEKKERN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 169.4k NOK to 4.68m NOK (+2663.8% YoY). Calculated
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↑
Operating result improved
Operating result +141.3k NOK → +1.52m NOK (op. margin 83.4% → 32.4%). Calculated
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↑
Equity strengthened
Book equity 366.5k NOK → 728.4k NOK (equity ratio 99.1% → 26.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.91× → 1.18×. Calculated
What deteriorated
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↓
Net result weakened
Net result +1.56m NOK → +1.16m NOK (net margin 919.5% → 24.8%). Calculated
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↓
Cash fell
Bank deposits 1.95m NOK → 1.93m NOK (-1.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 173.3k NOK → 23.3k NOK (-86.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 9 500 NOK → 3 500 NOK. Reported fact