A/S Edvardsen Eiendom: årsregnskap 1993 vs 1992
Shrank 6% on revenue
Summary
What changed
Comparing Årsregnskap 1993 with 1992 for A/S Edvardsen Eiendom. Revenue 1.20m NOK → 1.13m NOK (-6.0%). Equity 336.3k NOK → -69.9k NOK.
On the constructive side: operating result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Edvardsen Eiendom.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +350.4k NOK → +580.2k NOK (op. margin 29.1% → 51.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.70× → 34.60×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.20m NOK to 1.13m NOK (-6.0% YoY). Calculated
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↓
Equity eroded
Book equity 336.3k NOK → -69.9k NOK (equity ratio 9.0% → -1.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation