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Org.nr 811 673 862 2002 → 2003 Year-over-year analysis

ADELIN AS: årsregnskap 2003 vs 2002

Shrank 14% on revenue, slipped into loss

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for ADELIN AS. Revenue 18.90m NOK → 16.34m NOK (-13.6%). Net result +37.6k NOK → -181.4k NOK. Equity 1.58m NOK → 1.40m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADELIN AS.

At a glance

Scorecard

Revenue
18.90m NOK 16.34m NOK
-13.6%
Operating result
+759.5k NOK +401.8k NOK
-47.1%
Net result
+37.6k NOK -181.4k NOK
-582.5%
Equity
1.58m NOK 1.40m NOK
-11.5%
Cash
10.25m NOK 10.21m NOK
-0.4%
Total assets
15.79m NOK n/m
—

What improved

  • ↑

    Payroll decreased

    Salary cost 5.78m NOK → 5.15m NOK (31% → 32% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 18.90m NOK to 16.34m NOK (-13.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +759.5k NOK → +401.8k NOK (op. margin 4.0% → 2.5%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 37.6k NOK profit to a loss of 181.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.58m NOK → 1.40m NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 10.25m NOK → 10.21m NOK (-0.4% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 10.35m NOK → 8.79m NOK (-15.1% YoY). Calculated