ABRY KAVANAGH SOLUTIONS AS: årsregnskap 2003 vs 2002
Shrank 67% on revenue, returned to profit, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABRY KAVANAGH SOLUTIONS AS. Revenue 4.97m NOK → 1.63m NOK (-67.1%). Net result -37.2k NOK → +126.8k NOK. Equity 98.4k NOK → 100.0k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABRY KAVANAGH SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -16.3k NOK → +204.9k NOK (op. margin -0.3% → 12.6%). Calculated
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Turned profitable
Net result flipped from a loss of 37.2k NOK to a profit of 126.8k NOK. Calculated
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Equity strengthened
Book equity 98.4k NOK → 100.0k NOK. Calculated
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Payroll decreased
Salary cost 3.26m NOK → 938.0k NOK (66% → 57% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.97m NOK to 1.63m NOK (-67.1% YoY). Calculated
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Cash fell
Bank deposits 116.4k NOK → 12.0k NOK (-89.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 174.9k NOK → 68.4k NOK (-60.9% YoY). Calculated