AKANTUS MOSJØEN AS: årsregnskap 2003 vs 2002
Shrank 45% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AKANTUS MOSJØEN AS. Revenue 73.0k NOK → 40.3k NOK (-44.8%). Net result +2 381 NOK → -24.4k NOK. Equity -90.5k NOK → -114.9k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKANTUS MOSJØEN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 73.0k NOK to 40.3k NOK (-44.8% YoY). Calculated
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Operating result weakened
Operating result -1 461 NOK → -17.1k NOK (op. margin -2.0% → -42.5%). Calculated
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Fell into a net loss
Net result flipped from 2 381 NOK profit to a loss of 24.4k NOK. Calculated
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Equity eroded
Book equity -90.5k NOK → -114.9k NOK (equity ratio -140.8% → -44723.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -44723.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 70.4k NOK → 58.0k NOK (-17.7% YoY). Calculated