ADEPTO HOLDING AS: årsregnskap 2003 vs 2002
Shrank 72% on revenue, stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADEPTO HOLDING AS. Revenue 832.0k NOK → 233.9k NOK (-71.9%). Net result +153.4k NOK → +377.5k NOK. Equity 385.5k NOK → 42.0k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +149.2k NOK → +426.9k NOK (op. margin 17.9% → 182.5%). Calculated
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Net result improved
Net result +153.4k NOK → +377.5k NOK (net margin 18.4% → 161.4%). Calculated
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Cash rose
Bank deposits 124.9k NOK → 357.9k NOK (+186.5% YoY). Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 832.0k NOK to 233.9k NOK (-71.9% YoY). Calculated
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Equity eroded
Book equity 385.5k NOK → 42.0k NOK (equity ratio 52.9% → 64.1%). Calculated
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Current ratio dropped below 1×
Current ratio 2.32× → 0.18× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 399.4k NOK → 1.27m NOK (+218.5% YoY). Calculated