ADITECH AS: årsregnskap 2002 vs 2001
Grew 2172% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADITECH AS. Revenue 181.3k NOK → 4.12m NOK (+2172.2%). Net result +31.0k NOK → -58.3k NOK. Equity 125.6k NOK → 67.3k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADITECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 181.3k NOK to 4.12m NOK (+2172.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.45m NOK → 899.3k NOK (1352% → 22% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +96.6k NOK → -36.1k NOK (op. margin 53.3% → -0.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 31.0k NOK profit to a loss of 58.3k NOK. Calculated
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↓
Equity eroded
Book equity 125.6k NOK → 67.3k NOK (equity ratio 15.6% → 8.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 2.09m NOK → 2.48m NOK (+18.6% YoY). Calculated