A/S MILLENIUM: årsregnskap 2001 vs 2000
Stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for A/S MILLENIUM. Net result -1.50m NOK → -1.10m NOK. Equity -932.1k NOK → -2.03m NOK.
On the constructive side: net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S MILLENIUM.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -1.50m NOK → -1.10m NOK. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +12.1k NOK → -12.4k NOK. Calculated
-
↓
Equity eroded
Book equity -932.1k NOK → -2.03m NOK (equity ratio -36.0% → -46.8%). Calculated
-
↓
Cash fell
Bank deposits 296.9k NOK → 144.5k NOK (-51.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -46.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation