A/S Edvardsen Eiendom: årsregnskap 2002 vs 2001
Shrank 19% on revenue
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A/S Edvardsen Eiendom. Revenue 764.7k NOK → 620.5k NOK (-18.9%). Equity -2.03m NOK → -2.55m NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; 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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↑
Current ratio back above 1×
Current ratio 0.41× → 1.72×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 764.7k NOK to 620.5k NOK (-18.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +323.1k NOK → +138.3k NOK (op. margin 42.2% → 22.3%). Calculated
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↓
Equity eroded
Book equity -2.03m NOK → -2.55m NOK (equity ratio -38.2% → -50.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -50.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation