ADMINISTRATIV REGNSKAPSSERVICE AS: årsregnskap 2002 vs 2001
Grew 23% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADMINISTRATIV REGNSKAPSSERVICE AS. Revenue 1.81m NOK → 2.23m NOK (+22.9%). Net result +80.2k NOK → +202.5k NOK. Equity 122.8k NOK → 105.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADMINISTRATIV REGNSKAPSSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.81m NOK to 2.23m NOK (+22.9% YoY). Calculated
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↑
Operating result improved
Operating result +163.8k NOK → +266.8k NOK (op. margin 9.0% → 12.0%). Calculated
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↑
Net result improved
Net result +80.2k NOK → +202.5k NOK (net margin 4.4% → 9.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 122.8k NOK → 105.3k NOK (equity ratio 16.3% → 14.3%). Calculated
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↓
Cash fell
Bank deposits 364.5k NOK → 84.6k NOK (-76.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 24.8k NOK → 53 NOK (-99.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 22.5k NOK → 71.2k NOK. Reported fact