ABS ASSURANSEAGENTURER AS: årsregnskap 2003 vs 2002
Shrank 100% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABS ASSURANSEAGENTURER AS. Revenue 898.8k NOK → 3 699 NOK (-99.6%). Equity 233.0k NOK → 193.8k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABS ASSURANSEAGENTURER AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
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↑
Payroll decreased
Salary cost 456.1k NOK → 432.5k NOK (51% → 11692% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 898.8k NOK to 3 699 NOK (-99.6% YoY). Calculated
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↓
Operating result weakened
Operating result +271.6k NOK → +205.8k NOK (op. margin 30.2% → 5564.9%). Calculated
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↓
Equity eroded
Book equity 233.0k NOK → 193.8k NOK (equity ratio 11.7% → 10.0%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 57.3k NOK → 0 NOK. Reported fact