ABAS AS: årsregnskap 2003 vs 2002
Shrank 17% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABAS AS. Revenue 5.30m NOK → 4.41m NOK (-16.8%). Net result +32.3k NOK → +696.0k NOK. Equity 1.71m NOK → 1.02m 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 ABAS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -224.6k NOK → +929.5k NOK (op. margin -4.2% → 21.1%). Calculated
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↑
Net result improved
Net result +32.3k NOK → +696.0k NOK (net margin 0.6% → 15.8%). Calculated
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↑
Payroll decreased
Salary cost 9.78m NOK → 734.2k NOK (184% → 17% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.30m NOK to 4.41m NOK (-16.8% YoY). Calculated
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↓
Equity eroded
Book equity 1.71m NOK → 1.02m NOK (equity ratio 34.1% → 34.6%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.44m NOK → 3.35m NOK (-2.5% YoY). Calculated