Org.nr 983 361 161 2002 → 2003 Year-over-year analysis

ADVANCED MACHINE COMPANY AS: årsregnskap 2003 vs 2002

Shrank 9% on revenue

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for ADVANCED MACHINE COMPANY AS. Revenue 4.91m NOK → 4.47m NOK (-9.0%). Equity 169.7k NOK → -113.0k NOK.

Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVANCED MACHINE COMPANY AS.

At a glance

Revenue

4.91m NOK 4.47m NOK

-9.0%

Operating result

+33.5k NOK n/m

—

Net result

+21.3k NOK n/m

—

Equity

169.7k NOK -113.0k NOK

-166.6%

Total assets

1.46m NOK 1.16m NOK

-20.4%

↓
Revenue fell

Operating income / revenue moved from 4.91m NOK to 4.47m NOK (-9.0% YoY). Calculated
↓
Equity eroded

Book equity 169.7k NOK → -113.0k NOK (equity ratio 11.6% → -9.8%). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.04× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 1.58m NOK → 1.65m NOK (32% → 37% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 2.44m NOK → 2.04m NOK (-16.3% YoY). Calculated