ABCGRAFISK AS: årsregnskap 2002 vs 2001
Grew 107% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ABCGRAFISK AS. Revenue 1.08m NOK → 2.24m NOK (+107.4%). Net result +118.5k NOK → +3 626 NOK. Equity 318.5k NOK → 322.1k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABCGRAFISK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.08m NOK to 2.24m NOK (+107.4% YoY). Calculated
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Equity strengthened
Book equity 318.5k NOK → 322.1k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +148.5k NOK → +113.6k NOK (op. margin 13.8% → 5.1%). Calculated
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↓
Net result weakened
Net result +118.5k NOK → +3 626 NOK (net margin 11.0% → 0.2%). Calculated
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Cash fell
Bank deposits 6.13m NOK → 152.5k NOK (-97.5% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (6.13m NOK → 152.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 5.34m NOK → 5.97m NOK (494% → 267% of revenue). Calculated
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COGS moved
COGS / varekostnad 401.7k NOK → 578.9k NOK (+44.1% YoY). Calculated