AB FJORDLAND AS: årsregnskap 2004 vs 2003
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AB FJORDLAND AS. Net result -214.7k NOK → -143.6k NOK. Equity -469.3k NOK → -612.9k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: 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
Revenue
n/m
3 106 NOK
—
Operating result
-75.6k NOK
-57.4k NOK
+24.1%
Net result
-214.7k NOK
-143.6k NOK
+33.1%
Equity
-469.3k NOK
-612.9k NOK
-30.6%
Total assets
1.58m NOK
1.59m NOK
+0.2%
What improved
-
↑
Operating result improved
Operating result -75.6k NOK → -57.4k NOK. Calculated
-
↑
Net result improved
Net result -214.7k NOK → -143.6k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -469.3k NOK → -612.9k NOK (equity ratio -29.6% → -38.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -38.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation