ABECO AS: årsregnskap 2003 vs 2002
Shrank 80% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABECO AS. Revenue 647.6k NOK → 130.1k NOK (-79.9%). Net result -76.9k NOK → +155.2k NOK. Equity 26.8k NOK → 182.1k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABECO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -76.5k NOK → +185.7k NOK (op. margin -11.8% → 142.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 76.9k NOK to a profit of 155.2k NOK. Calculated
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↑
Equity strengthened
Book equity 26.8k NOK → 182.1k NOK (equity ratio 13.7% → 85.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 647.6k NOK to 130.1k NOK (-79.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad -573.1k NOK → -849.3k NOK (-48.2% YoY). Calculated