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Org.nr 984 086 822 2002 → 2003 Year-over-year analysis

ABUS ENTREPRENØR AS: årsregnskap 2003 vs 2002

Shrank 24% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for ABUS ENTREPRENØR AS. Revenue 3.30m NOK → 2.50m NOK (-24.2%). Net result +498.3k NOK → +648 NOK. Equity 208.3k NOK → 207.6k NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABUS ENTREPRENØR AS.

At a glance

Scorecard

Revenue
3.30m NOK 2.50m NOK
-24.2%
Operating result
+671.3k NOK +937 NOK
-99.9%
Net result
+498.3k NOK +648 NOK
-99.9%
Equity
208.3k NOK 207.6k NOK
-0.3%
Total assets
1 549 NOK 1.03m NOK
+66585.2%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.88× → 1.81×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.30m NOK to 2.50m NOK (-24.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +671.3k NOK → +937 NOK (op. margin 20.3% → 0.0%). Calculated

  • ↓

    Net result weakened

    Net result +498.3k NOK → +648 NOK (net margin 15.1% → 0.0%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.16m NOK → 1.87m NOK (35% → 75% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 989.5k NOK → 27.8k NOK (-97.2% YoY). Calculated