ADVOKATFIRMA VARJAG AS: årsregnskap 2003 vs 2002
Shrank 77% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMA VARJAG AS. Revenue 1.13m NOK → 264.6k NOK (-76.7%). Net result +422.8k NOK → +24.1k NOK. Equity 162.3k NOK → 188.2k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 162.3k NOK → 188.2k NOK (equity ratio 10057.2% → 20.0%). Calculated
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↑
Cash rose
Bank deposits 353.4k NOK → 680.8k NOK (+92.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 6.30×. Calculated
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.13m NOK to 264.6k NOK (-76.7% YoY). Calculated
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↓
Operating result weakened
Operating result +586.8k NOK → +55.7k NOK (op. margin 51.7% → 21.1%). Calculated
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↓
Net result weakened
Net result +422.8k NOK → +24.1k NOK (net margin 37.3% → 9.1%). Calculated
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↓
COGS moved
COGS / varekostnad 1 NOK → 164.4k NOK (+16444500.0% YoY). Calculated