AKER YACHTS AS: årsregnskap 2002 vs 2001
Grew 17% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AKER YACHTS AS. Revenue 690.3k NOK → 807.5k NOK (+17.0%). Equity 1.19m NOK → 199.2k NOK.
On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKER YACHTS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 690.3k NOK to 807.5k NOK (+17.0% YoY). Calculated
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Operating result improved
Operating result -169.5k NOK → -110.7k NOK (op. margin -24.6% → -13.7%). Calculated
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Owners injected capital
Paid-in equity rose 1 500 NOK → 1.50m NOK (+1.50m NOK). Reported fact
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Payroll decreased
Salary cost 4.18m NOK → 230.9k NOK (606% → 29% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 1.19m NOK → 199.2k NOK (equity ratio 26.6% → 5.4%). Calculated
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Current ratio dropped below 1×
Current ratio 21.29× → 0.53× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 195.3k NOK → 159.5k NOK (-18.3% YoY). Calculated