ADB TJENESTER AS: årsregnskap 2002 vs 2001
Shrank 14% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADB TJENESTER AS. Revenue 338.4k NOK → 292.0k NOK (-13.7%). Net result -118.7k NOK → -85.2k NOK. Equity -71.0k NOK → -156.8k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADB TJENESTER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -101.4k NOK → -67.0k NOK (op. margin -30.0% → -22.9%). Calculated
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Net result improved
Net result -118.7k NOK → -85.2k NOK (net margin -35.1% → -29.2%). Calculated
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Payroll decreased
Salary cost 8 742 NOK → 0 NOK (3% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 338.4k NOK to 292.0k NOK (-13.7% YoY). Calculated
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Equity eroded
Book equity -71.0k NOK → -156.8k NOK (equity ratio -10.8% → -170.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -170.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation