AKERSGATA 18 AS: årsregnskap 2002 vs 2001
Shrank 59% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for AKERSGATA 18 AS. Revenue 3.08m NOK → 1.27m NOK (-58.8%). Net result -161.9k NOK → -19.64m NOK. Equity 2.66m NOK → -16.98m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for AKERSGATA 18 AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.13m NOK → 1.17m NOK (69% → 92% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.08m NOK to 1.27m NOK (-58.8% YoY). Calculated
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↓
Operating result weakened
Operating result -40.0k NOK → -29.93m NOK (op. margin -1.3% → -2358.2%). Calculated
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↓
Net result weakened
Net result -161.9k NOK → -19.64m NOK (net margin -5.3% → -1547.5%). Calculated
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↓
Equity eroded
Book equity 2.66m NOK → -16.98m NOK (equity ratio 34.0% → -28.9%). Calculated
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↓
Cash fell
Bank deposits 10.30m NOK → 10 NOK (-100.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -28.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (10.30m NOK → 10 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation