ABO MASKIN AS: årsregnskap 2001 vs 2000
Shrank 10% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for ABO MASKIN AS. Revenue 963.9k NOK → 870.6k NOK (-9.7%). Net result +26.8k NOK → +71.8k NOK. Equity 77.5k NOK → 5 670 NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABO MASKIN AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +26.8k NOK → +71.8k NOK (net margin 2.8% → 8.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 963.9k NOK to 870.6k NOK (-9.7% YoY). Calculated
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↓
Operating result weakened
Operating result +71.5k NOK → +19.3k NOK (op. margin 7.4% → 2.2%). Calculated
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↓
Equity eroded
Book equity 77.5k NOK → 5 670 NOK (equity ratio 13.8% → 1.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.66× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 317.2k NOK → 339.4k NOK (33% → 39% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 118.8k NOK → 75.7k NOK (-36.3% YoY). Calculated