A/S Kvikk: årsregnskap 2002 vs 2001
Shrank 100% on revenue
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A/S Kvikk. Revenue 883.0k NOK → 3 260 NOK (-99.6%). Equity 134.2k NOK → 138.1k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Kvikk.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +12.5k NOK → +80.8k NOK (op. margin 1.4% → 2478.7%). Calculated
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↑
Equity strengthened
Book equity 134.2k NOK → 138.1k NOK (equity ratio 28.4% → 7.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 883.0k NOK to 3 260 NOK (-99.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 6.23× → 0.39× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 796.5k NOK → 849.4k NOK (+6.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation