ADMIT AS: årsregnskap 2002 vs 2001
Shrank 22% on revenue
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADMIT AS. Revenue 2.86m NOK → 2.22m NOK (-22.3%). Net result +102.5k NOK → +120.4k NOK. Equity 235.3k NOK → 139.9k NOK.
On the constructive side: operating result improved; net result improved; owners injected capital. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMIT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +79.6k NOK → +125.6k NOK (op. margin 2.8% → 5.7%). Calculated
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Net result improved
Net result +102.5k NOK → +120.4k NOK (net margin 3.6% → 5.4%). Calculated
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Owners injected capital
Paid-in equity rose 235.3k NOK → 260.3k NOK (+25.0k NOK). Reported fact
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Payroll decreased
Salary cost 1.84m NOK → 985.7k NOK (65% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.86m NOK to 2.22m NOK (-22.3% YoY). Calculated
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↓
Equity eroded
Book equity 235.3k NOK → 139.9k NOK (equity ratio 17.7% → 17.8%). Calculated
Things to notice
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COGS fell
COGS / varekostnad 125.5k NOK → 92.4k NOK (-26.4% YoY). Calculated