ABACOM AS: årsregnskap 2003 vs 2002
Grew 61% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABACOM AS. Revenue 3.15m NOK → 5.09m NOK (+61.4%). Net result +274.3k NOK → +774.6k NOK. Equity 446.2k NOK → 495.0k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABACOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.15m NOK to 5.09m NOK (+61.4% YoY). Calculated
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↑
Net result improved
Net result +274.3k NOK → +774.6k NOK (net margin 8.7% → 15.2%). Calculated
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↑
Equity strengthened
Book equity 446.2k NOK → 495.0k NOK (equity ratio 46.2% → 57.8%). Calculated
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Payroll decreased
Salary cost 1.64m NOK → 597.4k NOK (52% → 12% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +355.1k NOK → +39.3k NOK (op. margin 11.3% → 0.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.69× → 0.31× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 860.9k NOK → 742.4k NOK (-13.8% YoY). Calculated