ADVANCED CONTROL ROBOTIC AS: årsregnskap 2003 vs 2002
Shrank 79% on revenue, slipped into loss, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVANCED CONTROL ROBOTIC AS. Revenue 3.18m NOK → 680.5k NOK (-78.6%). Net result +4.03m NOK → -5.68m NOK. Equity 2 727 NOK → 10.45m NOK.
On the constructive side: equity strengthened; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2 727 NOK → 10.45m NOK (equity ratio 0.0% → 77.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.34× → 1.86×. Calculated
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↑
Owners injected capital
Paid-in equity rose 727.4k NOK → 10.45m NOK (+9.72m NOK). Reported fact
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↑
Payroll decreased
Salary cost 5.29m NOK → 2 003 NOK (166% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.18m NOK to 680.5k NOK (-78.6% YoY). Calculated
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↓
Operating result weakened
Operating result +5.60m NOK → -7.96m NOK (op. margin 176.3% → -1170.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 4.03m NOK profit to a loss of 5.68m NOK. Calculated