ACR elektro AS: årsregnskap 2003 vs 2002
Grew 8% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACR elektro AS. Revenue 14.80m NOK → 15.94m NOK (+7.7%). Equity 650.9k NOK → 365.3k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ACR elektro AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.80m NOK to 15.94m NOK (+7.7% YoY). Calculated
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↑
Operating result improved
Operating result +2.59m NOK → +3.35m NOK (op. margin 17.5% → 21.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.92× → 1.07×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 650.9k NOK → 365.3k NOK (equity ratio 10.2% → 5.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4.87m NOK → 5.57m NOK (33% → 35% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 5.44m NOK → 5.07m NOK (-6.8% YoY). Calculated