AE GRUPPEN AS: årsregnskap 2002 vs 2001
Grew 1124% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AE GRUPPEN AS. Revenue 245 NOK → 3 000 NOK (+1124.5%). Net result +591.8k NOK → +304.8k NOK. Equity 907.7k NOK → 12.5k 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 GRUPPEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 245 NOK to 3 000 NOK (+1124.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +103.3k NOK → -35.6k NOK (op. margin 42166.1% → -1186.0%). Calculated
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↓
Net result weakened
Net result +591.8k NOK → +304.8k NOK (net margin 241566.9% → 10160.8%). Calculated
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↓
Equity eroded
Book equity 907.7k NOK → 12.5k NOK (equity ratio 47.5% → 0.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 411.24× → 0.64× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2 NOK → 1.25m NOK. Reported fact