ABC HALVORSEN EIENDOM AS: årsregnskap 2002 vs 2001
Shrank 59% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ABC HALVORSEN EIENDOM AS. Revenue 529.8k NOK → 217.6k NOK (-58.9%). Net result +192.6k NOK → -122.4k NOK. Equity 768.1k NOK → 645.7k NOK.
On the constructive side: operating result improved; current ratio back above 1×. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC HALVORSEN EIENDOM AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +413.2k NOK → +438.9k NOK (op. margin 78.0% → 201.7%). Calculated
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Current ratio back above 1×
Current ratio 0.27× → 1.11×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 529.8k NOK to 217.6k NOK (-58.9% YoY). Calculated
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Fell into a net loss
Net result flipped from 192.6k NOK profit to a loss of 122.4k NOK. Calculated
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Equity eroded
Book equity 768.1k NOK → 645.7k NOK (equity ratio 26.9% → 4.9%). Calculated
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Cash fell
Bank deposits 110.7k NOK → 94.9k NOK (-14.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation