AKERA AS: årsregnskap 2004 vs 2003
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for AKERA AS. Equity 74.8k NOK → -101.8k NOK.
Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERA AS.
At a glance
Scorecard
Revenue
n/m
480.3k NOK
—
Operating result
n/m
-199.4k NOK
—
Equity
74.8k NOK
-101.8k NOK
-236.2%
Total assets
110.0k NOK
122.2k NOK
+11.1%
What deteriorated
-
↓
Equity eroded
Book equity 74.8k NOK → -101.8k NOK (equity ratio 68.0% → -83.3%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 3.12× → 0.55× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -83.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation