ADDEND AS: årsregnskap 2003 vs 2002
Shrank 80% on revenue, slipped into loss, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADDEND AS. Revenue 1.88m NOK → 382.2k NOK (-79.7%). Net result +278.6k NOK → -65.3k NOK. Equity 865.9k NOK → 800.6k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
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Payroll decreased
Salary cost 299.6k NOK → 75.0k NOK (16% → 20% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.88m NOK to 382.2k NOK (-79.7% YoY). Calculated
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Operating result weakened
Operating result +430.7k NOK → -19.6k NOK (op. margin 22.9% → -5.1%). Calculated
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Fell into a net loss
Net result flipped from 278.6k NOK profit to a loss of 65.3k NOK. Calculated
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Equity eroded
Book equity 865.9k NOK → 800.6k NOK (equity ratio 49.8% → 45.7%). Calculated