AINA C HOLE AS: årsregnskap 2003 vs 2002
Weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for AINA C HOLE AS. Net result +427.5k NOK → +177.4k NOK. Equity 118.5k NOK → 145.6k NOK.
On the constructive side: equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for AINA C HOLE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 118.5k NOK → 145.6k NOK (equity ratio 12.2% → 26.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +580.1k NOK → +242.0k NOK. Calculated
-
↓
Net result weakened
Net result +427.5k NOK → +177.4k NOK. Calculated
-
↓
Cash fell
Bank deposits 5.62m NOK → 170.1k NOK (-97.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 382 NOK → 284.3k NOK (+74329.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.62m NOK → 170.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation