AKERSHUS AUTO BILVERKSTED AS: årsregnskap 2002 vs 2001
Shrank 15% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AKERSHUS AUTO BILVERKSTED AS. Revenue 2.92m NOK → 2.49m NOK (-14.6%). Net result +152.1k NOK → +70.5k NOK. Equity 130.5k NOK → 60.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKERSHUS AUTO BILVERKSTED AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 180.4k NOK → 138.0k NOK (6% → 6% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.92m NOK to 2.49m NOK (-14.6% YoY). Calculated
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↓
Operating result weakened
Operating result +118.5k NOK → +24.1k NOK (op. margin 4.1% → 1.0%). Calculated
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↓
Net result weakened
Net result +152.1k NOK → +70.5k NOK (net margin 5.2% → 2.8%). Calculated
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↓
Equity eroded
Book equity 130.5k NOK → 60.0k NOK (equity ratio 57.7% → 5.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.26× → 0.44× — 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 5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.33m NOK → 1.79m NOK (-23.3% YoY). Calculated