ADIEGÅ EIENDOM AS: årsregnskap 2003 vs 2002
Grew 10% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADIEGÅ EIENDOM AS. Revenue 420.3k NOK → 461.2k NOK (+9.7%). Net result +86.6k NOK → +148.8k NOK. Equity 907.5k NOK → 56.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADIEGÅ EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 420.3k NOK to 461.2k NOK (+9.7% YoY). Calculated
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Operating result improved
Operating result +201.0k NOK → +244.9k NOK (op. margin 47.8% → 53.1%). Calculated
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↑
Net result improved
Net result +86.6k NOK → +148.8k NOK (net margin 20.6% → 32.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 907.5k NOK → 56.3k NOK (equity ratio 32.0% → 2.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation