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Org.nr 984 603 746 2002 → 2003 Year-over-year analysis

ADELSMANN AS: årsregnskap 2003 vs 2002

Grew 165% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for ADELSMANN AS. Revenue 1.03m NOK → 2.73m NOK (+165.5%). Net result +99.1k NOK → +40.2k NOK. Equity 160.1k NOK → 160.3k NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.

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

At a glance

Scorecard

Revenue
1.03m NOK 2.73m NOK
+165.5%
Operating result
+172.6k NOK +95.0k NOK
-45.0%
Net result
+99.1k NOK +40.2k NOK
-59.5%
Equity
160.1k NOK 160.3k NOK
+0.1%
Total assets
679.1k NOK 282.3k NOK
-58.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.03m NOK to 2.73m NOK (+165.5% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.18m NOK → 694.9k NOK (114% → 25% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +172.6k NOK → +95.0k NOK (op. margin 16.8% → 3.5%). Calculated

  • ↓

    Net result weakened

    Net result +99.1k NOK → +40.2k NOK (net margin 9.6% → 1.5%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.25× → 0.21× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 445.9k NOK → 459.6k NOK (+3.1% YoY). Calculated