FirmaIQ
Org.nr 917 997 500 2001 → 2002 Year-over-year analysis

AIR PRODUCTS AS: årsregnskap 2002 vs 2001

Shrank 98% on revenue, returned to profit

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2002 with 2001 for AIR PRODUCTS AS. Revenue 12.16bn NOK → 193.87m NOK (-98.4%). Net result -3.51m NOK → +6.87m NOK. Equity 66.90m NOK → 58.97m NOK.

On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
12.16bn NOK 193.87m NOK
-98.4%
Operating result
-8.26m NOK +7.10m NOK
+186.0%
Net result
-3.51m NOK +6.87m NOK
+295.5%
Equity
66.90m NOK 58.97m NOK
-11.9%
Total assets
120.89m NOK 128.50m NOK
+6.3%

What improved

  • ↑

    Operating result improved

    Operating result -8.26m NOK → +7.10m NOK (op. margin -0.1% → 3.7%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 3.51m NOK to a profit of 6.87m NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 12.16bn NOK to 193.87m NOK (-98.4% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 66.90m NOK → 58.97m NOK (equity ratio 55.3% → 45.9%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 35.29m NOK → 38.17m NOK (0% → 20% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 109.14m NOK → 3.14bn NOK (+2774.2% YoY). Calculated