ADONIS AS: årsregnskap 2003 vs 2002
Shrank 32% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADONIS AS. Revenue 7.81m NOK → 5.28m NOK (-32.4%). Net result +677.0k NOK → +621.5k NOK. Equity 1.41m NOK → 1.79m NOK.
On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADONIS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.41m NOK → 1.79m NOK (equity ratio 19.2% → 24.1%). Calculated
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↑
Owners injected capital
Paid-in equity rose 2.20m NOK → 3.20m NOK (+1.00m NOK). Reported fact
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↑
Payroll decreased
Salary cost 4.39m NOK → 3.56m NOK (56% → 67% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.81m NOK to 5.28m NOK (-32.4% YoY). Calculated
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↓
Operating result weakened
Operating result +357.7k NOK → -456.4k NOK (op. margin 4.6% → -8.6%). Calculated
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↓
Net result weakened
Net result +677.0k NOK → +621.5k NOK (net margin 8.7% → 11.8%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 492.8k NOK → 81.8k NOK (-83.4% YoY). Calculated