ABRAHAMSSON & HAUGSTVEDT AS: årsregnskap 2003 vs 2002
Grew 2028% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABRAHAMSSON & HAUGSTVEDT AS. Revenue 554.9k NOK → 11.81m NOK (+2028.0%). Net result +55.4k NOK → +170.7k NOK. Equity 149.3k NOK → 304.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ABRAHAMSSON & HAUGSTVEDT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 554.9k NOK to 11.81m NOK (+2028.0% YoY). Calculated
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Operating result improved
Operating result +123.2k NOK → +342.4k NOK (op. margin 22.2% → 2.9%). Calculated
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Net result improved
Net result +55.4k NOK → +170.7k NOK (net margin 10.0% → 1.4%). Calculated
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Equity strengthened
Book equity 149.3k NOK → 304.0k NOK (equity ratio 39.4% → 11.4%). Calculated
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Current ratio back above 1×
Current ratio 0.00× → 1.78×. Calculated
What deteriorated
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Cash fell
Bank deposits 6.19m NOK → 778.7k NOK (-87.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (6.19m NOK → 778.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation