ABSYN HOLDING AS: årsregnskap 2003 vs 2002
Grew 183% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABSYN HOLDING AS. Revenue 1.33m NOK → 3.74m NOK (+182.5%). Net result +39.8k NOK → +1.12m NOK. Equity 145.8k NOK → 424.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ABSYN HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.33m NOK to 3.74m NOK (+182.5% YoY). Calculated
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Operating result improved
Operating result +137.6k NOK → +733.1k NOK (op. margin 10.4% → 19.6%). Calculated
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Net result improved
Net result +39.8k NOK → +1.12m NOK (net margin 3.0% → 29.9%). Calculated
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Equity strengthened
Book equity 145.8k NOK → 424.5k NOK (equity ratio 3.6% → 9.8%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.30× → 0.32× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 11.9k NOK → 1.52m NOK (1% → 40% of revenue). Calculated
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COGS moved
COGS / varekostnad 109.9k NOK → 253.0k NOK (+130.2% YoY). Calculated