ABSOR AS: årsregnskap 2002 vs 2001
Grew 100% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ABSOR AS. Revenue 169.4k NOK → 339.1k NOK (+100.2%). Equity 114.6k NOK → -42.9k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABSOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 169.4k NOK to 339.1k NOK (+100.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 114.6k NOK → -42.9k NOK (equity ratio 26.9% → -7.4%). Calculated
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↓
Cash fell
Bank deposits 171.7k NOK → 730 NOK (-99.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 6.63× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 8 NOK → 9 770 NOK (0% → 3% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 108.0k NOK → 152.6k NOK (+41.4% YoY). Calculated