Org.nr 947 014 781 2001 → 2002 Year-over-year analysis

A/S MILLENIUM: årsregnskap 2002 vs 2001

Stronger earnings, cash halved-plus

Summary

What changed

Comparing Årsregnskap 2002 with 2001 for A/S MILLENIUM. Net result -1.10m NOK → -84.5k NOK. Equity -2.03m NOK → -2.12m NOK.

On the constructive side: operating result improved; net result improved. Pressures included: 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

Operating result

-12.4k NOK -10.0k NOK

+18.9%

Net result

-1.10m NOK -84.5k NOK

+92.3%

Equity

-2.03m NOK -2.12m NOK

-4.2%

Cash

144.5k NOK 7 136 NOK

-95.1%

Total assets

4.34m NOK 1.12m NOK

-74.1%

↑
Operating result improved

Operating result -12.4k NOK → -10.0k NOK. Calculated
↑
Net result improved

Net result -1.10m NOK → -84.5k NOK. Calculated

↓
Equity eroded

Book equity -2.03m NOK → -2.12m NOK (equity ratio -46.8% → -188.3%). Calculated
↓
Cash fell

Bank deposits 144.5k NOK → 7 136 NOK (-95.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is -188.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation