1000 MILE NORGE AS: årsregnskap 2003 vs 2002
Cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 1000 MILE NORGE AS. Revenue 0 NOK → 1.36m NOK. Equity 27.7k NOK → -220.5k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 1000 MILE NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 1.36m NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 27.7k NOK → -220.5k NOK (equity ratio 43.1% → -130.9%). Calculated
-
↓
Cash fell
Bank deposits 46.4k NOK → 10.3k NOK (-77.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -130.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 247 NOK → 1.01m NOK (+410438.1% YoY). Calculated