ADVENT NORWAY AS: årsregnskap 2001 vs 2000
Shrank 32% on revenue
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for ADVENT NORWAY AS. Revenue 20.00m NOK → 13.68m NOK (-31.6%). Equity 2.68m NOK → 474.9k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADVENT NORWAY AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 20.00m NOK to 13.68m NOK (-31.6% YoY). Calculated
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Equity eroded
Book equity 2.68m NOK → 474.9k NOK (equity ratio 15.9% → 6.3%). Calculated
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↓
Cash fell
Bank deposits 3.51m NOK → 1.80m NOK (-48.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.14× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad -8.90m NOK → 4.69m NOK (+152.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 2.56m NOK → 482.2k NOK — check capital reduction, conversion, or reclassification. Interpretation