A STAKE AS: årsregnskap 2001 vs 2000
Weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for A STAKE AS. Revenue 3.41m NOK → 3.55m NOK (+4.0%). Net result +19.1k NOK → +6 848 NOK. Equity 125.0k NOK → 118.2k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for A STAKE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.41m NOK to 3.55m NOK (+4.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 1.12×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +67.6k NOK → +41.2k NOK (op. margin 2.0% → 1.2%). Calculated
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↓
Net result weakened
Net result +19.1k NOK → +6 848 NOK (net margin 0.6% → 0.2%). Calculated
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↓
Equity eroded
Book equity 125.0k NOK → 118.2k NOK (equity ratio 11.2% → 9.4%). Calculated
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↓
Cash fell
Bank deposits 65.9k NOK → 3 848 NOK (-94.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 1.34m NOK → 1.48m NOK (+10.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 32 NOK → 17.0k NOK. Reported fact