ABC TEKNIKK AS: årsregnskap 2003 vs 2002
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABC TEKNIKK AS. Revenue 23.42m NOK → 23.71m NOK (+1.2%). Equity 903.4k NOK → 564.1k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for ABC TEKNIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 23.42m NOK to 23.71m NOK (+1.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.96× → 1.11×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.39m NOK → +1.25m NOK (op. margin 5.9% → 5.3%). Calculated
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↓
Equity eroded
Book equity 903.4k NOK → 564.1k NOK (equity ratio 14.7% → 6.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 626.5k NOK → 316.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 16.11m NOK → 16.39m NOK (+1.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 20.0k NOK → 189.0k NOK. Reported fact