AD DEKOR AS: årsregnskap 2002 vs 2001
Shrank 33% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AD DEKOR AS. Revenue 13.79m NOK → 9.19m NOK (-33.3%). Net result +105.8k NOK → -438.7k NOK. Equity 331.0k NOK → -107.7k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AD DEKOR AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 13.79m NOK to 9.19m NOK (-33.3% YoY). Calculated
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Operating result weakened
Operating result +247.9k NOK → -472.9k NOK (op. margin 1.8% → -5.1%). Calculated
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Fell into a net loss
Net result flipped from 105.8k NOK profit to a loss of 438.7k NOK. Calculated
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Equity eroded
Book equity 331.0k NOK → -107.7k NOK (equity ratio 10.4% → -3.5%). Calculated
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Payroll up without matching revenue
Salary cost 2.72m NOK → 2.80m NOK (20% → 30% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 9.43m NOK → 5.44m NOK (-42.3% YoY). Calculated