AKER UTVIKLING AS: årsregnskap 2002 vs 2001
Grew 521% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AKER UTVIKLING AS. Revenue 2.78m NOK → 17.29m NOK (+521.0%). Net result +479.7k NOK → +881.7k NOK. Equity 379.7k NOK → 502.0k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AKER UTVIKLING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.78m NOK to 17.29m NOK (+521.0% YoY). Calculated
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Net result improved
Net result +479.7k NOK → +881.7k NOK (net margin 17.2% → 5.1%). Calculated
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Equity strengthened
Book equity 379.7k NOK → 502.0k NOK (equity ratio 26.7% → 9.2%). Calculated
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Cash rose
Bank deposits 336.5k NOK → 2.75m NOK (+717.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.74× → 1.49×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +506.3k NOK → +36.8k NOK (op. margin 18.2% → 0.2%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.38m NOK → 1.45m NOK (50% → 8% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.27m NOK → 12.73m NOK (+459.9% YoY). Calculated