ADVISUM AS: årsregnskap 2003 vs 2002
Shrank 95% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVISUM AS. Revenue 402.5k NOK → 21.1k NOK (-94.8%). Net result +36.3k NOK → +881.3k NOK. Equity -236.8k NOK → 150.5k NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +36.3k NOK → +881.3k NOK (net margin 9.0% → 4178.1%). Calculated
-
↑
Equity strengthened
Book equity -236.8k NOK → 150.5k NOK (equity ratio -34.3% → 1326.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 402.5k NOK to 21.1k NOK (-94.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +318.0k NOK → +11.2k NOK (op. margin 79.0% → 53.3%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 5.97× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 0 NOK → 3.32m NOK (0% → 15723% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 0 NOK → 184.4k NOK (None YoY). Calculated