ABK-QVILLER AS: årsregnskap 2002 vs 2001
Grew 55% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ABK-QVILLER AS. Revenue 12.68m NOK → 19.67m NOK (+55.2%). Net result +36.0k NOK → +2 304 NOK. Equity 586.2k NOK → 171.1k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABK-QVILLER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 12.68m NOK to 19.67m NOK (+55.2% YoY). Calculated
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Operating result improved
Operating result +114.0k NOK → +619.4k NOK (op. margin 0.9% → 3.1%). Calculated
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Cash rose
Bank deposits 329.3k NOK → 1.55m NOK (+369.8% YoY). Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 500.0k NOK (+450.0k NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result +36.0k NOK → +2 304 NOK (net margin 0.3% → 0.0%). Calculated
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Equity eroded
Book equity 586.2k NOK → 171.1k NOK (equity ratio 9.6% → 1.5%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 7.44m NOK → -9.77m NOK (-231.3% YoY). Calculated