ADACON AS: årsregnskap 2002 vs 2001
Grew 141995% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADACON AS. Revenue 1 178 NOK → 1.67m NOK (+141995.2%). Net result +293.0k NOK → +406.6k NOK. Equity 199.3k NOK → 178.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADACON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 178 NOK to 1.67m NOK (+141995.2% YoY). Calculated
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↑
Operating result improved
Operating result +505.7k NOK → +810.6k NOK (op. margin 42932.7% → 48.4%). Calculated
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↑
Net result improved
Net result +293.0k NOK → +406.6k NOK (net margin 24875.8% → 24.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 199.3k NOK → 178.9k NOK (equity ratio 17905.5% → 10.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 480.4k NOK → 3.48m NOK (40780% → 208% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 59.7k NOK. Reported fact