ABC METALL AS: årsregnskap 2003 vs 2002
Shrank 8% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABC METALL AS. Revenue 2.61m NOK → 2.39m NOK (-8.2%). Net result +313.5k NOK → +426.4k NOK. Equity 134.8k NOK → 155.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC METALL AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +429.1k NOK → +559.9k NOK (op. margin 16.5% → 23.4%). Calculated
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↑
Net result improved
Net result +313.5k NOK → +426.4k NOK (net margin 12.0% → 17.8%). Calculated
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↑
Equity strengthened
Book equity 134.8k NOK → 155.6k NOK (equity ratio 10.0% → 83.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.61m NOK to 2.39m NOK (-8.2% YoY). Calculated
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↓
Cash fell
Bank deposits 526.3k NOK → 505.9k NOK (-3.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 292.66× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 497.3k NOK → 190.5k NOK (-61.7% YoY). Calculated