AKEB AS: årsregnskap 2003 vs 2002
Shrank 16% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AKEB AS. Revenue 556.3k NOK → 468.5k NOK (-15.8%). Equity 108.5k NOK → -50.2k NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKEB AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 556.3k NOK to 468.5k NOK (-15.8% YoY). Calculated
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↓
Operating result weakened
Operating result +164.3k NOK → -141.5k NOK (op. margin 29.5% → -30.2%). Calculated
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↓
Equity eroded
Book equity 108.5k NOK → -50.2k NOK (equity ratio 4.6% → -6.4%). Calculated
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↓
COGS moved
COGS / varekostnad 246.2k NOK → 278.5k NOK (+13.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 390.3k NOK. Reported fact