4S LIGHTING AS: årsregnskap 2003 vs 2002
Shrank 100% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for 4S LIGHTING AS. Revenue 310 NOK → 0 NOK (-100.0%). Equity 490.2k NOK → -9.87m NOK.
On the constructive side: operating result improved; owners injected capital. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4S LIGHTING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -38.9k NOK → -27.9k NOK. Calculated
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 310 NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Equity eroded
Book equity 490.2k NOK → -9.87m NOK (equity ratio 83.9% → -58090.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.71× → 0.00× — 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 -58090.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation