AH TERMINALEN AS: årsregnskap 2004 vs 2003
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AH TERMINALEN AS. Revenue 0 NOK → 20.8k NOK. Net result -40.7k NOK → -250.1k NOK. Equity 69.3k NOK → -180.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for AH TERMINALEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 20.8k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -6 662 NOK → -28.1k NOK. Calculated
-
↓
Net result weakened
Net result -40.7k NOK → -250.1k NOK. Calculated
-
↓
Equity eroded
Book equity 69.3k NOK → -180.9k NOK (equity ratio 1271.0% → -2.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 110.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation