ABC CLAUSEN AS: årsregnskap 2002 vs 2001
Grew 252450% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ABC CLAUSEN AS. Revenue 3 587 NOK → 9.06m NOK (+252449.9%). Net result +263.1k NOK → +166.4k NOK. Equity 363.1k NOK → 196.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABC CLAUSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3 587 NOK to 9.06m NOK (+252449.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +532.1k NOK → +213.2k NOK (op. margin 14834.7% → 2.4%). Calculated
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↓
Net result weakened
Net result +263.1k NOK → +166.4k NOK (net margin 7335.0% → 1.8%). Calculated
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↓
Equity eroded
Book equity 363.1k NOK → 196.7k NOK (equity ratio 14967.2% → 9.9%). Calculated
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↓
Cash fell
Bank deposits 674.4k NOK → 175.9k NOK (-73.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 2.63m NOK → 6.76m NOK (+156.9% YoY). Calculated