ABI EIENDOMSDRIFT AS: årsregnskap 2003 vs 2002
Shrank 99% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABI EIENDOMSDRIFT AS. Revenue 457.8k NOK → 2 500 NOK (-99.5%). Net result +306.2k NOK → +27 NOK. Equity 215.9k NOK → 188.5k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ABI EIENDOMSDRIFT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +155.8k NOK → +491.4k NOK (op. margin 34.0% → 19654.9%). Calculated
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Payroll decreased
Salary cost 1.31m NOK → 125.5k NOK (286% → 5020% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 457.8k NOK to 2 500 NOK (-99.5% YoY). Calculated
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Net result weakened
Net result +306.2k NOK → +27 NOK (net margin 66.9% → 1.1%). Calculated
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Equity eroded
Book equity 215.9k NOK → 188.5k NOK (equity ratio 6.8% → 6.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 215.9k NOK → 188.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 122.6k NOK → 122 NOK (-99.9% YoY). Calculated