A/S LANDÅSVEIEN 5 & 7: årsregnskap 2002 vs 2001
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for A/S LANDÅSVEIEN 5 & 7. Revenue 168.3k NOK → 172.6k NOK (+2.6%). Net result -129.4k NOK → -6 486 NOK. Equity -19.8k NOK → -26.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S LANDÅSVEIEN 5 & 7.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 168.3k NOK to 172.6k NOK (+2.6% YoY). Calculated
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↑
Operating result improved
Operating result -117.0k NOK → +11.5k NOK (op. margin -69.6% → 6.7%). Calculated
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↑
Net result improved
Net result -129.4k NOK → -6 486 NOK (net margin -76.9% → -3.8%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -19.8k NOK → -26.3k NOK (equity ratio -5.0% → -12.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation