ACANE AS: årsregnskap 2002 vs 2001
Shrank 84% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ACANE AS. Revenue 142.4k NOK → 22.1k NOK (-84.5%). Net result -323.0k NOK → -6 936 NOK. Equity 168.1k NOK → 161.2k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACANE AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -64.8k NOK → -6 936 NOK (op. margin -45.5% → -31.4%). Calculated
-
↑
Net result improved
Net result -323.0k NOK → -6 936 NOK (net margin -226.9% → -31.4%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.88× → 1.36×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 142.4k NOK to 22.1k NOK (-84.5% YoY). Calculated
-
↓
Equity eroded
Book equity 168.1k NOK → 161.2k NOK (equity ratio 19.2% → 26.3%). Calculated
-
↓
Cash fell
Bank deposits 421.2k NOK → 156.1k NOK (-62.9% YoY). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 250.0k NOK → 250 NOK. Reported fact