AJBAS AS: årsregnskap 2002 vs 2001
Shrank 19% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AJBAS AS. Revenue 3.78m NOK → 3.08m NOK (-18.7%). Net result +86.2k NOK → +141.8k NOK. Equity 174.8k NOK → 194.7k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AJBAS AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +246.4k NOK → +269.2k NOK (op. margin 6.5% → 8.8%). Calculated
-
↑
Net result improved
Net result +86.2k NOK → +141.8k NOK (net margin 2.3% → 4.6%). Calculated
-
↑
Equity strengthened
Book equity 174.8k NOK → 194.7k NOK (equity ratio 13.6% → 18.4%). Calculated
-
↑
Payroll decreased
Salary cost 705.8k NOK → 564.5k NOK (19% → 18% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.78m NOK to 3.08m NOK (-18.7% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.13× → 0.58× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 2.50m NOK → 1.75m NOK (-30.1% YoY). Calculated