A HILLESTAD AS: årsregnskap 2003 vs 2002
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for A HILLESTAD AS. Revenue 0 NOK → 29.0k NOK. Net result +259.7k NOK → +82.5k NOK. Equity 104.2k NOK → 21.7k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A HILLESTAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 29.0k NOK. Calculated
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↑
Operating result improved
Operating result +79.3k NOK → +102.3k NOK. Calculated
What deteriorated
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↓
Net result weakened
Net result +259.7k NOK → +82.5k NOK. Calculated
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↓
Equity eroded
Book equity 104.2k NOK → 21.7k NOK (equity ratio 15.1% → 5.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation