AHA - Arkitektene Hilde og Andersen AS: årsregnskap 2002 vs 2001
Grew 8% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AHA - Arkitektene Hilde og Andersen AS. Revenue 1.56m NOK → 1.68m NOK (+7.7%). Net result +495.1k NOK → +766.4k NOK. Equity 736.5k NOK → 199.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AHA - Arkitektene Hilde og Andersen AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.56m NOK to 1.68m NOK (+7.7% YoY). Calculated
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Operating result improved
Operating result +662.9k NOK → +891.9k NOK (op. margin 42.6% → 53.2%). Calculated
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Net result improved
Net result +495.1k NOK → +766.4k NOK (net margin 31.8% → 45.7%). Calculated
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Payroll decreased
Salary cost 604.4k NOK → 598.8k NOK (39% → 36% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 736.5k NOK → 199.8k NOK (equity ratio 45.5% → 10.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 608.5k NOK → 668.5k NOK. Reported fact