AB FJORDLAND AS: årsregnskap 2003 vs 2002
Slipped into loss
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AB FJORDLAND AS. Net result +87.5k NOK → -214.7k NOK. Equity 7 NOK → -469.3k NOK.
Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AB FJORDLAND AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result +248.3k NOK → -75.6k NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 87.5k NOK profit to a loss of 214.7k NOK. Calculated
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↓
Equity eroded
Book equity 7 NOK → -469.3k NOK (equity ratio 0.0% → -29.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.33× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -29.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation