ABEL EIENDOMSFORVALTNING AS: årsregnskap 2002 vs 2001
Shrank 17% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ABEL EIENDOMSFORVALTNING AS. Revenue 3.03m NOK → 2.51m NOK (-17.2%). Net result +1.47m NOK → +779.3k NOK. Equity 7.41m NOK → 450.6k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
3.03m NOK
2.51m NOK
-17.2%
Operating result
+1.92m NOK
+1.03m NOK
-46.4%
Net result
+1.47m NOK
+779.3k NOK
-47.1%
Equity
7.41m NOK
450.6k NOK
-93.9%
Total assets
3.87m NOK
4.42m NOK
+14.2%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.03m NOK to 2.51m NOK (-17.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +1.92m NOK → +1.03m NOK (op. margin 63.5% → 41.1%). Calculated
-
↓
Net result weakened
Net result +1.47m NOK → +779.3k NOK (net margin 48.7% → 31.1%). Calculated
-
↓
Equity eroded
Book equity 7.41m NOK → 450.6k NOK (equity ratio 191.4% → 10.2%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 311.1k NOK → 4.41m NOK (10% → 176% of revenue). Calculated