ABEMA AS: årsregnskap 2002 vs 2001
Stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ABEMA AS. Revenue 1.14m NOK → 1.19m NOK (+4.3%). Net result +59.0k NOK → +152.0k NOK. Equity 71.1k NOK → 80.9k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABEMA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.14m NOK to 1.19m NOK (+4.3% YoY). Calculated
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Net result improved
Net result +59.0k NOK → +152.0k NOK (net margin 5.2% → 12.7%). Calculated
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↑
Equity strengthened
Book equity 71.1k NOK → 80.9k NOK (equity ratio 8.3% → 346.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 15.1k NOK → 214 NOK (-98.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.25× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 255.2k NOK → 193.4k NOK (-24.2% YoY). Calculated