3 TS INDUSTRISERVICE AS: årsregnskap 2003 vs 2002
Slipped into loss
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 3 TS INDUSTRISERVICE AS. Revenue 9.05m NOK → 8.73m NOK (-3.5%). Net result +819.5k NOK → -126.7k NOK. Equity 999.1k NOK → 72.4k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3 TS INDUSTRISERVICE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 9.05m NOK to 8.73m NOK (-3.5% YoY). Calculated
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↓
Operating result weakened
Operating result +368.3k NOK → -60.0k NOK (op. margin 4.1% → -0.7%). Calculated
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Fell into a net loss
Net result flipped from 819.5k NOK profit to a loss of 126.7k NOK. Calculated
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↓
Equity eroded
Book equity 999.1k NOK → 72.4k NOK (equity ratio 24.1% → 2.0%). Calculated
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Cash fell
Bank deposits 252.4k NOK → 249.9k NOK (-1.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation