ABEL FINANS AS: årsregnskap 2003 vs 2002
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABEL FINANS AS. Revenue 278.5k NOK → 268.0k NOK (-3.7%). Net result +137.1k NOK → +86.7k NOK. Equity 2.23m NOK → 2.20m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
278.5k NOK
268.0k NOK
-3.7%
Operating result
+97.9k NOK
+58.8k NOK
-40.0%
Net result
+137.1k NOK
+86.7k NOK
-36.8%
Equity
2.23m NOK
2.20m NOK
-1.3%
Cash
1.54m NOK
1.50m NOK
-2.6%
Total assets
3.30m NOK
3.21m NOK
-2.7%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 278.5k NOK to 268.0k NOK (-3.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +97.9k NOK → +58.8k NOK (op. margin 35.2% → 21.9%). Calculated
-
↓
Net result weakened
Net result +137.1k NOK → +86.7k NOK (net margin 49.2% → 32.3%). Calculated
-
↓
Equity eroded
Book equity 2.23m NOK → 2.20m NOK (equity ratio 67.6% → 68.6%). Calculated
-
↓
Cash fell
Bank deposits 1.54m NOK → 1.50m NOK (-2.6% YoY). Calculated