ABSOLUTESKILLS AS: årsregnskap 2003 vs 2002
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABSOLUTESKILLS AS. Revenue 3.13m NOK → 3.24m NOK (+3.3%). Net result +224.0k NOK → +740.9k NOK. Equity 707.6k NOK → 242.6k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABSOLUTESKILLS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.13m NOK to 3.24m NOK (+3.3% YoY). Calculated
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↑
Net result improved
Net result +224.0k NOK → +740.9k NOK (net margin 7.1% → 22.9%). Calculated
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↑
Payroll decreased
Salary cost 1.96m NOK → 1 432 NOK (63% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 707.6k NOK → 242.6k NOK (equity ratio 26.9% → 10.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.78× → 0.61× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 1.04m NOK. Reported fact