ADIGO MEKATRONIKK AS: årsregnskap 2003 vs 2002
Grew 58281% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADIGO MEKATRONIKK AS. Revenue 4 970 NOK → 2.90m NOK (+58281.3%). Net result +349.7k NOK → +617.7k NOK. Equity 7 318 NOK → 8 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADIGO MEKATRONIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4 970 NOK to 2.90m NOK (+58281.3% YoY). Calculated
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↑
Operating result improved
Operating result +274.1k NOK → +625.4k NOK (op. margin 5514.4% → 21.6%). Calculated
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↑
Net result improved
Net result +349.7k NOK → +617.7k NOK (net margin 7035.6% → 21.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 7 318 NOK → 8 NOK (equity ratio 1.8% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2 002 NOK → 7.04m NOK (40% → 242% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 0 NOK → 516.9k NOK (None YoY). Calculated