ACTIVE PARTNER AS: årsregnskap 2002 vs 2001
Shrank 22% on revenue
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ACTIVE PARTNER AS. Revenue 1.01m NOK → 788.0k NOK (-22.3%). Equity 196.4k NOK → 45.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACTIVE PARTNER AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 306.3k NOK → 280.3k NOK (30% → 36% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.01m NOK to 788.0k NOK (-22.3% YoY). Calculated
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↓
Operating result weakened
Operating result +132.9k NOK → -24.2k NOK (op. margin 13.1% → -3.1%). Calculated
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↓
Equity eroded
Book equity 196.4k NOK → 45.0k NOK (equity ratio 9.8% → 1.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 351.0k NOK → 135.0k NOK (-61.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 347.3k NOK. Reported fact