ADMINS AS: årsregnskap 2002 vs 2001
Shrank 8% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADMINS AS. Revenue 4.32m NOK → 3.99m NOK (-7.6%). Net result +209.9k NOK → +259.8k NOK. Equity 257.2k NOK → 167.0k NOK.
On the constructive side: net result improved; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMINS AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +209.9k NOK → +259.8k NOK (net margin 4.9% → 6.5%). Calculated
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Current ratio back above 1×
Current ratio 0.00× → 1.11×. Calculated
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Payroll decreased
Salary cost 2.90m NOK → 2 NOK (67% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.32m NOK to 3.99m NOK (-7.6% YoY). Calculated
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Operating result weakened
Operating result +310.7k NOK → +275.2k NOK (op. margin 7.2% → 6.9%). Calculated
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↓
Equity eroded
Book equity 257.2k NOK → 167.0k NOK (equity ratio 15504.2% → 13.1%). Calculated
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Cash fell
Bank deposits 649.1k NOK → 417.7k NOK (-35.6% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.26m NOK → 931.3k NOK (-26.2% YoY). Calculated