ABICON AS: årsregnskap 2003 vs 2002
Grew 143% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABICON AS. Revenue 273.4k NOK → 664.5k NOK (+143.1%). Net result +129.3k NOK → +36.8k NOK. Equity 2.58m NOK → 895.9k NOK.
On the constructive side: revenue rose; owners injected capital; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: cogs fell. 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 273.4k NOK to 664.5k NOK (+143.1% YoY). Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
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Payroll decreased
Salary cost 30.5k NOK → 0 NOK (11% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +224.3k NOK → +177.2k NOK (op. margin 82.1% → 26.7%). Calculated
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↓
Net result weakened
Net result +129.3k NOK → +36.8k NOK (net margin 47.3% → 5.5%). Calculated
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↓
Equity eroded
Book equity 2.58m NOK → 895.9k NOK (equity ratio 85.0% → 15.0%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 229.6k NOK → 229 NOK (-99.9% YoY). Calculated