ADDENDA CONSULT AS: årsregnskap 2003 vs 2002
Shrank 33% on revenue, returned to profit, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADDENDA CONSULT AS. Revenue 941.6k NOK → 628.9k NOK (-33.2%). Net result -56.5k NOK → +34.7k NOK. Equity 61.7k NOK → 96.4k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -61.5k NOK → +29.1k NOK (op. margin -6.5% → 4.6%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 56.5k NOK to a profit of 34.7k NOK. Calculated
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↑
Equity strengthened
Book equity 61.7k NOK → 96.4k NOK (equity ratio 14.7% → 10.9%). Calculated
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↑
Payroll decreased
Salary cost 2.58m NOK → 2 003 NOK (274% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 941.6k NOK to 628.9k NOK (-33.2% YoY). Calculated
-
↓
Cash fell
Bank deposits 320.9k NOK → 103.8k NOK (-67.7% YoY). Calculated