ADCOM HOLDING AS: årsregnskap 2002 vs 2001
Grew 19% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADCOM HOLDING AS. Revenue 2.77m NOK → 3.31m NOK (+19.4%). Equity 298.7k NOK → 785.5k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for ADCOM HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.77m NOK to 3.31m NOK (+19.4% YoY). Calculated
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Operating result improved
Operating result -742.5k NOK → +322.9k NOK (op. margin -26.8% → 9.7%). Calculated
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Equity strengthened
Book equity 298.7k NOK → 785.5k NOK (equity ratio 9.4% → 38.6%). Calculated
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Payroll decreased
Salary cost 983.7k NOK → 352.2k NOK (35% → 11% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 813.6k NOK → 99.0k NOK (-87.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.01× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 1.89m NOK → 1.67m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 546.1k NOK → 556.4k NOK (+1.9% YoY). Calculated