ACTIVE PARTNER AS: årsregnskap 2003 vs 2002
Shrank 48% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACTIVE PARTNER AS. Revenue 788.0k NOK → 409.9k NOK (-48.0%). Equity 45.0k NOK → -765.1k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; 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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↑
Owners injected capital
Paid-in equity rose 60.0k NOK → 100.0k NOK (+40.0k NOK). Reported fact
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↑
Payroll decreased
Salary cost 280.3k NOK → 176.2k NOK (36% → 43% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 788.0k NOK to 409.9k NOK (-48.0% YoY). Calculated
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↓
Operating result weakened
Operating result -24.2k NOK → -500.3k NOK (op. margin -3.1% → -122.1%). Calculated
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↓
Equity eroded
Book equity 45.0k NOK → -765.1k NOK (equity ratio 1.4% → -106.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -106.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 347.3k NOK → 250.0k NOK. Reported fact