ABICON AS: årsregnskap 2002 vs 2001
Grew 65% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ABICON AS. Revenue 166.0k NOK → 273.4k NOK (+64.7%). Net result +2 068 NOK → +129.3k NOK. Equity 711.3k NOK → 2.58m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABICON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 166.0k NOK to 273.4k NOK (+64.7% YoY). Calculated
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↑
Net result improved
Net result +2 068 NOK → +129.3k NOK (net margin 1.2% → 47.3%). Calculated
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↑
Equity strengthened
Book equity 711.3k NOK → 2.58m NOK (equity ratio 15.6% → 85.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +614.5k NOK → +224.3k NOK (op. margin 370.2% → 82.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 14.9k NOK → 30.5k NOK (9% → 11% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 108.2k NOK → 229.6k NOK (+112.2% YoY). Calculated