FirmaIQ
Org.nr 982 228 220 2002 → 2003 Year-over-year analysis

AIRGENIC AS: årsregnskap 2003 vs 2002

Grew 14% on revenue, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AIRGENIC AS. Revenue 5.13m NOK → 5.85m NOK (+14.0%). Equity 2.82m NOK → 2.09m NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AIRGENIC AS.

At a glance

Scorecard

Revenue
5.13m NOK 5.85m NOK
+14.0%
Operating result
n/m -1.03m NOK
—
Equity
2.82m NOK 2.09m NOK
-26.0%
Cash
1.49m NOK 536.1k NOK
-63.9%
Total assets
n/m 2.64m NOK
—

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.13m NOK to 5.85m NOK (+14.0% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 5.18m NOK → 2 003 NOK (101% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 2.82m NOK → 2.09m NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 1.49m NOK → 536.1k NOK (-63.9% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.49m NOK → 536.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 1.93m NOK → 1.81m NOK (-6.3% YoY). Calculated