ABK VILLMARKSHYTTA AS: årsregnskap 2002 vs 2001
Shrank 48% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ABK VILLMARKSHYTTA AS. Revenue 783.6k NOK → 411.2k NOK (-47.5%). Net result +162.3k NOK → -150.3k NOK. Equity 114.5k NOK → -35.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABK VILLMARKSHYTTA AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.14m NOK → 3.13m NOK (400% → 760% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 783.6k NOK to 411.2k NOK (-47.5% YoY). Calculated
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↓
Operating result weakened
Operating result +205.8k NOK → -91.6k NOK (op. margin 26.3% → -22.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 162.3k NOK profit to a loss of 150.3k NOK. Calculated
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↓
Equity eroded
Book equity 114.5k NOK → -35.7k NOK (equity ratio 35.8% → -35.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.56× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -35.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation