ACCESS! AS: årsregnskap 2002 vs 2001
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ACCESS! AS. Revenue 520.7k NOK → 502.5k NOK (-3.5%). Net result +45.4k NOK → +8 717 NOK. Equity 5.15m NOK → 685.3k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCESS! AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 520.7k NOK to 502.5k NOK (-3.5% YoY). Calculated
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↓
Operating result weakened
Operating result +170.7k NOK → +21.1k NOK (op. margin 32.8% → 4.2%). Calculated
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↓
Net result weakened
Net result +45.4k NOK → +8 717 NOK (net margin 8.7% → 1.7%). Calculated
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↓
Equity eroded
Book equity 5.15m NOK → 685.3k NOK (equity ratio 948.5% → 41.3%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 000 NOK → 235.2k NOK (0% → 47% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 271.5k NOK → 317.9k NOK. Reported fact