ADVANCED CONTROL AS: årsregnskap 2003 vs 2002
Shrank 89% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVANCED CONTROL AS. Revenue 51.88m NOK → 5.46m NOK (-89.5%). Net result -47.87m NOK → +31.59m NOK. Equity -41.72m NOK → -2.87m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADVANCED CONTROL AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -39.30m NOK → +31.97m NOK (op. margin -75.7% → 585.5%). Calculated
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Turned profitable
Net result flipped from a loss of 47.87m NOK to a profit of 31.59m NOK. Calculated
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↑
Equity strengthened
Book equity -41.72m NOK → -2.87m NOK (equity ratio -142.9% → -303.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 51.88m NOK to 5.46m NOK (-89.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -303.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 6.00m NOK → 1.20m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 19.35m NOK → 2.47m NOK (-87.2% YoY). Calculated