A MARINE AS: årsregnskap 2002 vs 2001
Shrank 36% on revenue
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A MARINE AS. Revenue 256.9k NOK → 164.0k NOK (-36.2%). Equity 133.2k NOK → -528.0k NOK.
On the constructive side: operating result improved; cash rose; payroll decreased. 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 A MARINE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +74.1k NOK → +206.9k NOK (op. margin 28.9% → 126.1%). Calculated
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Cash rose
Bank deposits 26.7k NOK → 48.6k NOK (+82.4% YoY). Calculated
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Payroll decreased
Salary cost 2 NOK → -141.5k NOK (0% → -86% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 256.9k NOK to 164.0k NOK (-36.2% YoY). Calculated
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↓
Equity eroded
Book equity 133.2k NOK → -528.0k NOK (equity ratio 50.0% → -350.9%). Calculated
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Current ratio dropped below 1×
Current ratio 1.66× → 0.88× — 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 -350.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation