FirmaIQ
Org.nr 936 773 966 2002 → 2003 Year-over-year analysis

AD-REGNSKAP AS: årsregnskap 2003 vs 2002

Shrank 18% on revenue, weaker earnings, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AD-REGNSKAP AS. Revenue 3.97m NOK → 3.24m NOK (-18.4%). Net result +481.4k NOK → +114.3k NOK. Equity 238.5k NOK → 352.8k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for AD-REGNSKAP AS.

At a glance

Scorecard

Revenue
3.97m NOK 3.24m NOK
-18.4%
Operating result
+674.5k NOK +220.2k NOK
-67.4%
Net result
+481.4k NOK +114.3k NOK
-76.3%
Equity
238.5k NOK 352.8k NOK
+47.9%
Cash
5.67m NOK 299.6k NOK
-94.7%
Total assets
2.26m NOK 4.48m NOK
+97.9%

What improved

  • ↑

    Equity strengthened

    Book equity 238.5k NOK → 352.8k NOK (equity ratio 10.5% → 7.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.97m NOK to 3.24m NOK (-18.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +674.5k NOK → +220.2k NOK (op. margin 17.0% → 6.8%). Calculated

  • ↓

    Net result weakened

    Net result +481.4k NOK → +114.3k NOK (net margin 12.1% → 3.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.67m NOK → 299.6k NOK (-94.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 7.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (5.67m NOK → 299.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation