AKC ARKITEKTER AS: årsregnskap 2002 vs 2001
Shrank 19% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AKC ARKITEKTER AS. Revenue 1.99m NOK → 1.62m NOK (-18.8%). Net result +327.6k NOK → +70.7k NOK. Equity 426.5k NOK → 497.2k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AKC ARKITEKTER AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 426.5k NOK → 497.2k NOK (equity ratio 232.7% → 59.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.25× → 2.42×. Calculated
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↑
Payroll decreased
Salary cost 976.2k NOK → 969.4k NOK (49% → 60% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.99m NOK to 1.62m NOK (-18.8% YoY). Calculated
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↓
Operating result weakened
Operating result +534.8k NOK → +79.7k NOK (op. margin 26.8% → 4.9%). Calculated
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↓
Net result weakened
Net result +327.6k NOK → +70.7k NOK (net margin 16.4% → 4.4%). Calculated
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↓
Cash fell
Bank deposits 662.5k NOK → 295.9k NOK (-55.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 15.0k NOK. Reported fact