A HELLAND TRANSPORT AS: årsregnskap 2002 vs 2001
Grew 71% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A HELLAND TRANSPORT AS. Revenue 479.0k NOK → 819.3k NOK (+71.0%). Net result +26.6k NOK → +17.5k NOK. Equity 111.5k NOK → 44.0k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A HELLAND TRANSPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 479.0k NOK to 819.3k NOK (+71.0% YoY). Calculated
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Operating result improved
Operating result +11.5k NOK → +144.3k NOK (op. margin 2.4% → 17.6%). Calculated
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Cash rose
Bank deposits 1 773 NOK → 8.15m NOK (+459835.1% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.60× → 1.29×. 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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Net result weakened
Net result +26.6k NOK → +17.5k NOK (net margin 5.5% → 2.1%). Calculated
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Equity eroded
Book equity 111.5k NOK → 44.0k NOK (equity ratio 37.2% → 5.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation