AEBI SCHMIDT NORGE AS: årsregnskap 2002 vs 2001
Shrank 18% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AEBI SCHMIDT NORGE AS. Revenue 129.93m NOK → 105.98m NOK (-18.4%). Net result +1 703 NOK → -15.22m NOK. Equity 19.12m NOK → 3.91m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AEBI SCHMIDT NORGE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 129.93m NOK to 105.98m NOK (-18.4% YoY). Calculated
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Operating result weakened
Operating result +5.06m NOK → -12.85m NOK (op. margin 3.9% → -12.1%). Calculated
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Fell into a net loss
Net result flipped from 1 703 NOK profit to a loss of 15.22m NOK. Calculated
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Equity eroded
Book equity 19.12m NOK → 3.91m NOK (equity ratio 24.5% → 4.3%). Calculated
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Current ratio dropped below 1×
Current ratio 1.86× → 0.96× — 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 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 79.49m NOK → 50.91m NOK (-35.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 475.2k NOK → 564 NOK. Reported fact