ACCESS MBM AS: årsregnskap 2002 vs 2001
Shrank 100% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ACCESS MBM AS. Revenue 161.2k NOK → 161 NOK (-99.9%). Net result +1 301 NOK → +15.5k NOK. Equity 118.3k NOK → 84.5k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACCESS MBM AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +2 954 NOK → +17.0k NOK (op. margin 1.8% → 10575.2%). Calculated
-
↑
Net result improved
Net result +1 301 NOK → +15.5k NOK (net margin 0.8% → 9612.4%). Calculated
-
↑
Payroll decreased
Salary cost 89.2k NOK → 0 NOK (55% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 161.2k NOK to 161 NOK (-99.9% YoY). Calculated
-
↓
Equity eroded
Book equity 118.3k NOK → 84.5k NOK (equity ratio 71.2% → 81.8%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 3.48× → 0.36× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 23.5k NOK → 0 NOK (-100.0% YoY). Calculated