ABARIS CONSULTING AS: årsregnskap 2003 vs 2002
Shrank 34% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABARIS CONSULTING AS. Revenue 3.21m NOK → 2.12m NOK (-34.0%). Net result +408.1k NOK → +467.8k NOK. Equity 139.9k NOK → 107.7k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABARIS CONSULTING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +602.8k NOK → +616.6k NOK (op. margin 18.8% → 29.1%). Calculated
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↑
Net result improved
Net result +408.1k NOK → +467.8k NOK (net margin 12.7% → 22.1%). Calculated
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↑
Payroll decreased
Salary cost 1.88m NOK → 1.08m NOK (59% → 51% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.21m NOK to 2.12m NOK (-34.0% YoY). Calculated
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↓
Equity eroded
Book equity 139.9k NOK → 107.7k NOK (equity ratio 11.6% → 10.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 175.0k NOK → 175 NOK (-99.9% YoY). Calculated