Org.nr 947 014 781 2003 → 2004 Year-over-year analysis

A/S MILLENIUM: årsregnskap 2004 vs 2003

Slipped into loss, cash halved-plus

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for A/S MILLENIUM. Net result +28.2k NOK → -1.03m NOK. Equity -2.09m NOK → -3.12m NOK.

On the constructive side: operating result improved. Pressures included: fell into a net loss; 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

-12.0k NOK -5 828 NOK

+51.5%

Net result

+28.2k NOK -1.03m NOK

-3759.5%

Equity

-2.09m NOK -3.12m NOK

-49.4%

Cash

7 186 NOK 1 235 NOK

-82.8%

Total assets

1.16m NOK 1 235 NOK

-99.9%

↑
Operating result improved

Operating result -12.0k NOK → -5 828 NOK. Calculated

↓
Fell into a net loss

Net result flipped from 28.2k NOK profit to a loss of 1.03m NOK. Calculated
↓
Equity eroded

Book equity -2.09m NOK → -3.12m NOK (equity ratio -179.4% → -252545.2%). Calculated
↓
Cash fell

Bank deposits 7 186 NOK → 1 235 NOK (-82.8% YoY). Calculated

·
Thin equity buffer

Equity ratio is -252545.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation