ACTE AS: årsregnskap 2003 vs 2002
Shrank 32% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACTE AS. Revenue 219.5k NOK → 148.6k NOK (-32.3%). Net result -1 222 NOK → -12.6k NOK. Equity 47.8k NOK → 35.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACTE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 24.8k NOK → 19.0k NOK (11% → 13% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 219.5k NOK to 148.6k NOK (-32.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +2 NOK → -12.1k NOK (op. margin 0.0% → -8.1%). Calculated
-
↓
Net result weakened
Net result -1 222 NOK → -12.6k NOK (net margin -0.6% → -8.5%). Calculated
-
↓
Equity eroded
Book equity 47.8k NOK → 35.2k NOK (equity ratio 31.6% → 34.6%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 39.5k NOK → 37.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 174.3k NOK → 117.9k NOK (-32.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10.7k NOK → 50 NOK. Reported fact