ABSOLUT EIENDOM AS: årsregnskap 2003 vs 2002
Shrank 100% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABSOLUT EIENDOM AS. Revenue 380.2k NOK → 496 NOK (-99.9%). Net result -85.1k NOK → +120.6k NOK. Equity -20.6k NOK → 102.3k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABSOLUT EIENDOM AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -86.3k NOK → +124.2k NOK (op. margin -22.7% → 25048.8%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 85.1k NOK to a profit of 120.6k NOK. Calculated
-
↑
Equity strengthened
Book equity -20.6k NOK → 102.3k NOK (equity ratio -17.9% → 31.8%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.70× → 1.39×. Calculated
-
↑
Payroll decreased
Salary cost 2.29m NOK → 394.5k NOK (602% → 79535% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 380.2k NOK to 496 NOK (-99.9% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 20.0k NOK → 0 NOK. Reported fact