AJOUR GRAFISK AS: årsregnskap 2002 vs 2001
Grew 23% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AJOUR GRAFISK AS. Revenue 6.38m NOK → 7.86m NOK (+23.1%). Net result +89.8k NOK → +219.6k NOK. Equity 323.2k NOK → 263.8k 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 AJOUR GRAFISK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.38m NOK to 7.86m NOK (+23.1% YoY). Calculated
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Operating result improved
Operating result +339.0k NOK → +400.3k NOK (op. margin 5.3% → 5.1%). Calculated
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Net result improved
Net result +89.8k NOK → +219.6k NOK (net margin 1.4% → 2.8%). Calculated
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Cash rose
Bank deposits 294.2k NOK → 328.5k NOK (+11.6% YoY). Calculated
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Payroll decreased
Salary cost 725.1k NOK → 7 NOK (11% → 0% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 323.2k NOK → 263.8k NOK (equity ratio 10.5% → 11.1%). Calculated
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Current ratio dropped below 1×
Current ratio 1.13× → 0.91× — 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 212.9k NOK → 376.6k NOK. Reported fact