ABSOLUTE BAR AS: årsregnskap 2003 vs 2002
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ABSOLUTE BAR AS. Net result +8 036 NOK → +115.9k NOK. Equity 101.2k NOK → 14.7k 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 ABSOLUTE BAR AS.
At a glance
Scorecard
Revenue
n/m
159.2k NOK
—
Operating result
n/m
+1 040 NOK
—
Net result
+8 036 NOK
+115.9k NOK
+1342.2%
Equity
101.2k NOK
14.7k NOK
-85.5%
Cash
6 326 NOK
6 326 NOK
0.0%
Total assets
674.1k NOK
581.5k NOK
-13.7%
What improved
-
↑
Net result improved
Net result +8 036 NOK → +115.9k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 101.2k NOK → 14.7k NOK (equity ratio 15.0% → 2.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation