AKADEMIET VGS MØRE AS: årsregnskap 2002 vs 2001
Shrank 63% on revenue, slipped into loss, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AKADEMIET VGS MØRE AS. Revenue 6.37m NOK → 2.35m NOK (-63.1%). Net result +102.7k NOK → -454.8k NOK. Equity 427.4k NOK → 332.6k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AKADEMIET VGS MØRE AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.28× → 1.05×. Calculated
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Payroll decreased
Salary cost 2.07m NOK → 2 NOK (32% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.37m NOK to 2.35m NOK (-63.1% YoY). Calculated
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Operating result weakened
Operating result +108.7k NOK → -650.5k NOK (op. margin 1.7% → -27.7%). Calculated
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Fell into a net loss
Net result flipped from 102.7k NOK profit to a loss of 454.8k NOK. Calculated
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↓
Equity eroded
Book equity 427.4k NOK → 332.6k NOK (equity ratio 17.3% → 31.7%). Calculated
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↓
Cash fell
Bank deposits 573.8k NOK → 238.3k NOK (-58.5% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 300.0k NOK → 660 NOK — check capital reduction, conversion, or reclassification. Interpretation