ABACUS RATIO AS: årsregnskap 2003 vs 2002
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABACUS RATIO AS. Revenue 33.69m NOK → 34.89m NOK (+3.6%). Equity 6.76m NOK → 6.32m NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABACUS RATIO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 33.69m NOK to 34.89m NOK (+3.6% YoY). Calculated
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↑
Cash rose
Bank deposits 2.96m NOK → 4.86m NOK (+64.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 1.94×. Calculated
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↑
Payroll decreased
Salary cost 9.23m NOK → 1 NOK (27% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 6.76m NOK → 6.32m NOK (equity ratio 30.8% → 35.7%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 21.93m NOK → 20.65m NOK (-5.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 36.1k NOK → 99.9k NOK. Reported fact