ACCEPT SERVICE PARTNER AS: årsregnskap 2003 vs 2002
Shrank 59% on revenue, stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACCEPT SERVICE PARTNER AS. Revenue 608.3k NOK → 250.0k NOK (-58.9%). Net result +51.0k NOK → +70.1k NOK. Equity 100.2k NOK → 80.1k NOK.
On the constructive side: net result improved; cash rose; owners injected capital. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACCEPT SERVICE PARTNER AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +51.0k NOK → +70.1k NOK (net margin 8.4% → 28.0%). Calculated
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Cash rose
Bank deposits 378.5k NOK → 700.6k NOK (+85.1% YoY). Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 608.3k NOK to 250.0k NOK (-58.9% YoY). Calculated
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Equity eroded
Book equity 100.2k NOK → 80.1k NOK (equity ratio 21.3% → 8.0%). Calculated
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Current ratio dropped below 1×
Current ratio 1.14× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 12.8k NOK → 140.1k NOK (+996.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 50.0k NOK → 90.0k NOK. Reported fact