AKERSHUS ENERGI VARME AS: årsregnskap 2003 vs 2002
Grew 5099% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AKERSHUS ENERGI VARME AS. Revenue 188.1k NOK → 9.78m NOK (+5099.5%). Net result +173.7k NOK → +526.6k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AKERSHUS ENERGI VARME AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 188.1k NOK to 9.78m NOK (+5099.5% YoY). Calculated
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↑
Net result improved
Net result +173.7k NOK → +526.6k NOK (net margin 92.4% → 5.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +878.8k NOK → +641.7k NOK (op. margin 467.3% → 6.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.03× → 0.27× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 9.70m NOK → 9.35m NOK — check capital reduction, conversion, or reclassification. Interpretation