FirmaIQ
Org.nr 980 093 344 2002 → 2003 Year-over-year analysis

AE FROGNER AS: årsregnskap 2003 vs 2002

Shrank 16% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AE FROGNER AS. Revenue 488.9k NOK → 412.7k NOK (-15.6%). Net result -90.7k NOK → -101.5k NOK. Equity -152.2k NOK → -253.6k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AE FROGNER AS.

At a glance

Scorecard

Revenue
488.9k NOK 412.7k NOK
-15.6%
Operating result
+108.6k NOK +52.0k NOK
-52.2%
Net result
-90.7k NOK -101.5k NOK
-11.9%
Equity
-152.2k NOK -253.6k NOK
-66.7%
Cash
18.1k NOK 41.5k NOK
+129.8%
Total assets
3.01m NOK 2.87m NOK
-4.7%

What improved

  • ↑

    Cash rose

    Bank deposits 18.1k NOK → 41.5k NOK (+129.8% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 488.9k NOK to 412.7k NOK (-15.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +108.6k NOK → +52.0k NOK (op. margin 22.2% → 12.6%). Calculated

  • ↓

    Net result weakened

    Net result -90.7k NOK → -101.5k NOK (net margin -18.6% → -24.6%). Calculated

  • ↓

    Equity eroded

    Book equity -152.2k NOK → -253.6k NOK (equity ratio -5.1% → -8.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation