ADHOC SOFTWARE AS: årsregnskap 2003 vs 2002
Shrank 96% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADHOC SOFTWARE AS. Revenue 966.7k NOK → 37.0k NOK (-96.2%). Net result +161.7k NOK → +258.8k NOK. Equity 160.7k NOK → 113.5k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +197.5k NOK → +343.0k NOK (op. margin 20.4% → 927.2%). Calculated
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↑
Net result improved
Net result +161.7k NOK → +258.8k NOK (net margin 16.7% → 699.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 966.7k NOK to 37.0k NOK (-96.2% YoY). Calculated
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↓
Equity eroded
Book equity 160.7k NOK → 113.5k NOK (equity ratio 21.9% → 15.9%). Calculated
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↓
Cash fell
Bank deposits 549.2k NOK → 441.8k NOK (-19.6% YoY). Calculated