ABRA AS: årsregnskap 2003 vs 2002
Shrank 76% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABRA AS. Revenue 5.87m NOK → 1.39m NOK (-76.4%). Net result +4.21m NOK → +942.5k NOK. Equity 2.35m NOK → 1.43m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
5.87m NOK
1.39m NOK
-76.4%
Operating result
+5.28m NOK
+690.2k NOK
-86.9%
Net result
+4.21m NOK
+942.5k NOK
-77.6%
Equity
2.35m NOK
1.43m NOK
-39.1%
Total assets
15.08m NOK
14.28m NOK
-5.3%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 5.87m NOK to 1.39m NOK (-76.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +5.28m NOK → +690.2k NOK (op. margin 89.8% → 49.7%). Calculated
-
↓
Net result weakened
Net result +4.21m NOK → +942.5k NOK (net margin 71.7% → 67.9%). Calculated
-
↓
Equity eroded
Book equity 2.35m NOK → 1.43m NOK (equity ratio 15.6% → 10.0%). Calculated