ADVENT NORWAY AS: årsregnskap 2002 vs 2001
Shrank 14% on revenue
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADVENT NORWAY AS. Revenue 13.68m NOK → 11.76m NOK (-14.0%). Equity 474.9k NOK → 2 514 NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADVENT NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Current ratio back above 1×
Current ratio 0.76× → 1.55×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 13.68m NOK to 11.76m NOK (-14.0% YoY). Calculated
-
↓
Equity eroded
Book equity 474.9k NOK → 2 514 NOK (equity ratio 6.3% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 1.80m NOK → 1.34m NOK (-25.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 482.2k NOK → 200.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 4.69m NOK → 397.5k NOK (-91.5% YoY). Calculated