A/S MILLENIUM: årsregnskap 2005 vs 2004
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A/S MILLENIUM. Net result -1.03m NOK → -9 499 NOK. Equity -3.12m NOK → -3.13m NOK.
On the constructive side: 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 MILLENIUM.
At a glance
Scorecard
Revenue
n/m
0 NOK
—
Operating result
-5 828 NOK
n/m
—
Net result
-1.03m NOK
-9 499 NOK
+99.1%
Equity
-3.12m NOK
-3.13m NOK
-0.3%
Cash
1 235 NOK
n/m
—
Total assets
1 235 NOK
501 NOK
-59.4%
What improved
-
↑
Net result improved
Net result -1.03m NOK → -9 499 NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -3.12m NOK → -3.13m NOK (equity ratio -252545.2% → -624437.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -624437.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation