Org.nr 983 847 412 2002 → 2003 Year-over-year analysis

ADCARE AS: årsregnskap 2003 vs 2002

Returned to profit

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for ADCARE AS. Net result -4 270 NOK → +430.3k NOK. Equity 111.7k NOK → 242 NOK.

On the constructive side: operating result improved; turned profitable. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADCARE AS.

At a glance

Revenue

n/m 5.38m NOK

—

Operating result

+6 704 NOK +3.69m NOK

+54868.0%

Net result

-4 270 NOK +430.3k NOK

+10176.4%

Equity

111.7k NOK 242 NOK

-99.8%

Total assets

893.7k NOK 22.4k NOK

-97.5%

↑
Operating result improved

Operating result +6 704 NOK → +3.69m NOK. Calculated
↑
Turned profitable

Net result flipped from a loss of 4 270 NOK to a profit of 430.3k NOK. Calculated

↓
Equity eroded

Book equity 111.7k NOK → 242 NOK (equity ratio 12.5% → 1.1%). Calculated

·
Thin equity buffer

Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 4 513 NOK → 954.5k NOK. Calculated
·
COGS fell

COGS / varekostnad 988.5k NOK → 684.2k NOK (-30.8% YoY). Calculated