ACTIVITY CONSULT FOLDVIK & ANDERSEN AS: årsregnskap 2003 vs 2002
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ACTIVITY CONSULT FOLDVIK & ANDERSEN AS. Net result +226.4k NOK → +5 NOK. Equity 214.3k NOK → -890.9k NOK.
Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACTIVITY CONSULT FOLDVIK & ANDERSEN AS.
At a glance
Scorecard
Revenue
n/m
1.76m NOK
—
Operating result
+316.6k NOK
n/m
—
Net result
+226.4k NOK
+5 NOK
-100.0%
Equity
214.3k NOK
-890.9k NOK
-515.8%
Cash
68.2k NOK
n/m
—
Total assets
909.0k NOK
229.7k NOK
-74.7%
What deteriorated
-
↓
Net result weakened
Net result +226.4k NOK → +5 NOK. Calculated
-
↓
Equity eroded
Book equity 214.3k NOK → -890.9k NOK (equity ratio 23.6% → -387.8%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -387.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 68.0k NOK → 23.2k NOK (-66.0% YoY). Calculated