ABELGÅRDEN TANNKLINIKK AS: årsregnskap 2003 vs 2002
Grew 13% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABELGÅRDEN TANNKLINIKK AS. Revenue 2.32m NOK → 2.62m NOK (+13.2%). Net result +477.0k NOK → +81.6k NOK. Equity 458.8k NOK → 150.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABELGÅRDEN TANNKLINIKK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.32m NOK to 2.62m NOK (+13.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +557.0k NOK → +280.3k NOK (op. margin 24.0% → 10.7%). Calculated
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↓
Net result weakened
Net result +477.0k NOK → +81.6k NOK (net margin 20.6% → 3.1%). Calculated
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↓
Equity eroded
Book equity 458.8k NOK → 150.3k NOK. Calculated
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↓
Cash fell
Bank deposits 8.96m NOK → 1.37m NOK (-84.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (8.96m NOK → 1.37m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 2 NOK → 5.87m NOK (0% → 224% of revenue). Calculated
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COGS moved
COGS / varekostnad 366.3k NOK → 388.9k NOK (+6.2% YoY). Calculated