ABO AS: årsregnskap 2003 vs 2002
Shrank 66% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABO AS. Revenue 34.13m NOK → 11.64m NOK (-65.9%). Net result +1.82m NOK → +8.18m NOK. Equity 1.61m NOK → 3.39m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABO AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +2.38m NOK → +10.67m NOK (op. margin 7.0% → 91.6%). Calculated
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↑
Net result improved
Net result +1.82m NOK → +8.18m NOK (net margin 5.3% → 70.3%). Calculated
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↑
Equity strengthened
Book equity 1.61m NOK → 3.39m NOK (equity ratio 8.2% → 25.2%). Calculated
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Current ratio back above 1×
Current ratio 0.99× → 1.53×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 34.13m NOK to 11.64m NOK (-65.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 002 NOK → 2.80m NOK (0% → 24% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 25.20m NOK → -8 482 NOK (-100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 153 NOK → 7.52m NOK. Reported fact