ADIANTE AS: årsregnskap 2003 vs 2002
Grew 501% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADIANTE AS. Revenue 117.7k NOK → 707.0k NOK (+500.8%). Equity 88.6k NOK → 233.4k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADIANTE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 117.7k NOK to 707.0k NOK (+500.8% YoY). Calculated
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↑
Equity strengthened
Book equity 88.6k NOK → 233.4k NOK (equity ratio 103.9% → 9.0%). Calculated
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↑
Payroll decreased
Salary cost 11.9k NOK → 0 NOK (10% → 0% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 21.0k NOK → 28.0k NOK. Reported fact