FirmaIQ
Org.nr 979 751 710 2001 → 2002 Year-over-year analysis

AE EIENDOM AS: årsregnskap 2002 vs 2001

Shrank 18% on revenue, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2002 with 2001 for AE EIENDOM AS. Revenue 3.29m NOK → 2.69m NOK (-18.3%). Net result +172.6k NOK → +179.6k NOK. Equity 240.2k NOK → 60.6k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for AE EIENDOM AS.

At a glance

Scorecard

Revenue
3.29m NOK 2.69m NOK
-18.3%
Operating result
+420.4k NOK +117.4k NOK
-72.1%
Net result
+172.6k NOK +179.6k NOK
+4.1%
Equity
240.2k NOK 60.6k NOK
-74.8%
Cash
2.10m NOK 92.2k NOK
-95.6%
Total assets
n/m 1.76m NOK
—

What improved

  • ↑

    Payroll decreased

    Salary cost 820.6k NOK → 2 NOK (25% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.29m NOK to 2.69m NOK (-18.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +420.4k NOK → +117.4k NOK (op. margin 12.8% → 4.4%). Calculated

  • ↓

    Equity eroded

    Book equity 240.2k NOK → 60.6k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 2.10m NOK → 92.2k NOK (-95.6% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 1 579 NOK → 1.39m NOK (+88136.9% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.10m NOK → 92.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation