AE FROGNER AS: årsregnskap 2002 vs 2001
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AE FROGNER AS. Revenue 481.1k NOK → 488.9k NOK (+1.6%). Net result -72.5k NOK → -90.7k NOK. Equity -61.5k NOK → -152.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AE FROGNER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 481.1k NOK to 488.9k NOK (+1.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +125.6k NOK → +108.6k NOK (op. margin 26.1% → 22.2%). Calculated
-
↓
Net result weakened
Net result -72.5k NOK → -90.7k NOK (net margin -15.1% → -18.6%). Calculated
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↓
Equity eroded
Book equity -61.5k NOK → -152.2k NOK (equity ratio -1.9% → -5.1%). Calculated
-
↓
Cash fell
Bank deposits 30.3k NOK → 18.1k NOK (-40.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 12.0k NOK. Reported fact