ADVICE REKLAMEBYRÅ AS: årsregnskap 2002 vs 2001
Shrank 24% on revenue
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADVICE REKLAMEBYRÅ AS. Revenue 1.73m NOK → 1.32m NOK (-23.6%). Net result +5 NOK → +6 099 NOK. Equity 243.0k NOK → -236.9k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVICE REKLAMEBYRÅ AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +5 NOK → +6 099 NOK (net margin 0.0% → 0.5%). Calculated
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Payroll decreased
Salary cost 7.36m NOK → 354.1k NOK (426% → 27% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.73m NOK to 1.32m NOK (-23.6% YoY). Calculated
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↓
Operating result weakened
Operating result +117.2k NOK → +36.9k NOK (op. margin 6.8% → 2.8%). Calculated
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Equity eroded
Book equity 243.0k NOK → -236.9k NOK (equity ratio 72.4% → -166.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -166.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 531.9k NOK → 442.7k NOK (-16.8% YoY). Calculated