ABSTRAKT FORLAG AS: årsregnskap 2003 vs 2002
Grew 100% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABSTRAKT FORLAG AS. Revenue 3.27m NOK → 6.56m NOK (+100.4%). Net result +841.1k NOK → +305.8k NOK. Equity 2 871 NOK → -2.54m NOK.
On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABSTRAKT FORLAG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.27m NOK to 6.56m NOK (+100.4% YoY). Calculated
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Operating result improved
Operating result -607.7k NOK → +560.2k NOK (op. margin -18.6% → 8.5%). Calculated
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Owners injected capital
Paid-in equity rose 76.9k NOK → 100.0k NOK (+23.1k NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result +841.1k NOK → +305.8k NOK (net margin 25.7% → 4.7%). Calculated
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↓
Equity eroded
Book equity 2 871 NOK → -2.54m NOK (equity ratio 0.1% → -89.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -89.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 5 NOK → 1.76m NOK (0% → 27% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 423.9k NOK → 437.0k NOK (+3.1% YoY). Calculated