ADVISORS AS: årsregnskap 2003 vs 2002
Shrank 99% on revenue, slipped into loss, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVISORS AS. Revenue 2.67m NOK → 14.8k NOK (-99.4%). Net result +346 NOK → -21.6k NOK. Equity 84.8k NOK → 113.2k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVISORS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 84.8k NOK → 113.2k NOK (equity ratio 11.3% → 16.1%). Calculated
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↑
Payroll decreased
Salary cost 339.3k NOK → 339 NOK (13% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.67m NOK to 14.8k NOK (-99.4% YoY). Calculated
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↓
Operating result weakened
Operating result +30.1k NOK → +1 422 NOK (op. margin 1.1% → 9.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 346 NOK profit to a loss of 21.6k NOK. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 102.0k NOK → 602 NOK. Reported fact