ABC HALVORSEN EIENDOM AS: årsregnskap 2003 vs 2002
Grew 110% on revenue, returned to profit, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABC HALVORSEN EIENDOM AS. Revenue 217.6k NOK → 456.2k NOK (+109.7%). Net result -122.4k NOK → +311.7k NOK. Equity 645.7k NOK → 957.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 217.6k NOK to 456.2k NOK (+109.7% YoY). Calculated
-
↑
Operating result improved
Operating result +438.9k NOK → +985.5k NOK (op. margin 201.7% → 216.0%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 122.4k NOK to a profit of 311.7k NOK. Calculated
-
↑
Equity strengthened
Book equity 645.7k NOK → 957.4k NOK (equity ratio 4.9% → 7.4%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 94.9k NOK → 15.2k NOK (-83.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated