ABELS GATE AS: årsregnskap 2003 vs 2002
Grew 803% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABELS GATE AS. Revenue 54.1k NOK → 488.6k NOK (+803.1%). Equity 111.8k NOK → 116.4k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABELS GATE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 54.1k NOK to 488.6k NOK (+803.1% YoY). Calculated
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↑
Operating result improved
Operating result -643.4k NOK → -63.2k NOK (op. margin -1189.3% → -12.9%). Calculated
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↑
Equity strengthened
Book equity 111.8k NOK → 116.4k NOK (equity ratio 3.6% → 3.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.39× → 1.10×. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation