AEPOS ARKITEKTER OG PLANLEGGERE AS: årsregnskap 2002 vs 2001
Shrank 43% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AEPOS ARKITEKTER OG PLANLEGGERE AS. Revenue 896.8k NOK → 513.4k NOK (-42.7%). Net result -148.9k NOK → -114.3k NOK. Equity -47.9k NOK → -162.2k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEPOS ARKITEKTER OG PLANLEGGERE AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -145.9k NOK → -111.3k NOK (op. margin -16.3% → -21.7%). Calculated
-
↑
Net result improved
Net result -148.9k NOK → -114.3k NOK (net margin -16.6% → -22.3%). Calculated
-
↑
Payroll decreased
Salary cost 646.1k NOK → 358.0k NOK (72% → 70% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 896.8k NOK to 513.4k NOK (-42.7% YoY). Calculated
-
↓
Equity eroded
Book equity -47.9k NOK → -162.2k NOK (equity ratio -26.1% → -97.1%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -97.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation