ADVANCED CONTROL AS: årsregnskap 2002 vs 2001
Shrank 20% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADVANCED CONTROL AS. Revenue 65.00m NOK → 51.88m NOK (-20.2%). Net result +6 487 NOK → -47.87m NOK. Equity 6.15m NOK → -41.72m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADVANCED CONTROL AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 65.00m NOK to 51.88m NOK (-20.2% YoY). Calculated
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Operating result weakened
Operating result -9.44m NOK → -39.30m NOK (op. margin -14.5% → -75.7%). Calculated
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Fell into a net loss
Net result flipped from 6 487 NOK profit to a loss of 47.87m NOK. Calculated
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↓
Equity eroded
Book equity 6.15m NOK → -41.72m NOK (equity ratio 16.6% → -142.9%). Calculated
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COGS moved
COGS / varekostnad 17.40m NOK → 19.35m NOK (+11.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -142.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 6.15m NOK → 6.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 13.6k NOK → 0 NOK. Reported fact