AD METAM AS: årsregnskap 2002 vs 2001
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AD METAM AS. Revenue 13.03m NOK → 12.42m NOK (-4.7%). Equity 830.1k NOK → 349.3k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AD METAM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -2.32m NOK → +48 NOK (op. margin -17.8% → 0.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.03m NOK to 12.42m NOK (-4.7% YoY). Calculated
-
↓
Equity eroded
Book equity 830.1k NOK → 349.3k NOK (equity ratio 12.7% → 6.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.52m NOK → 3.61m NOK (27% → 29% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 830.1k NOK → 349.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 6.50m NOK → 4.93m NOK (-24.2% YoY). Calculated