ABRY DESIGN AS: årsregnskap 2003 vs 2002
Shrank 31% on revenue, stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABRY DESIGN AS. Revenue 4.33m NOK → 3.00m NOK (-30.7%). Net result -696.5k NOK → -91.1k NOK. Equity 781.5k NOK → 690.4k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABRY DESIGN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -709.7k NOK → +56.9k NOK (op. margin -16.4% → 1.9%). Calculated
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Net result improved
Net result -696.5k NOK → -91.1k NOK (net margin -16.1% → -3.0%). Calculated
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Cash rose
Bank deposits 25.0k NOK → 101.3k NOK (+305.7% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.02× → 1.22×. Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.33m NOK to 3.00m NOK (-30.7% YoY). Calculated
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Equity eroded
Book equity 781.5k NOK → 690.4k NOK (equity ratio 17.5% → 17.9%). Calculated
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Payroll up without matching revenue
Salary cost 1.55m NOK → 2.23m NOK (36% → 74% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 319.7k NOK → 48.3k NOK (-84.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.00m NOK → 959.5k NOK. Reported fact