ABC METALL AS: årsregnskap 2002 vs 2001
Grew 11% on revenue
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ABC METALL AS. Revenue 2.34m NOK → 2.61m NOK (+11.3%). Net result +336.1k NOK → +313.5k NOK. Equity 379.3k NOK → 134.8k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. 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 METALL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.34m NOK to 2.61m NOK (+11.3% YoY). Calculated
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↑
Cash rose
Bank deposits 488.8k NOK → 526.3k NOK (+7.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.06× → 292.66×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +488.8k NOK → +429.1k NOK (op. margin 20.9% → 16.5%). Calculated
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↓
Net result weakened
Net result +336.1k NOK → +313.5k NOK (net margin 14.4% → 12.0%). Calculated
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↓
Equity eroded
Book equity 379.3k NOK → 134.8k NOK (equity ratio 84.1% → 10.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 10.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 389.7k NOK → 497.3k NOK (+27.6% YoY). Calculated