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Org.nr 921 111 347 2002 → 2003 Year-over-year analysis

AKERSGATA 18 AS: årsregnskap 2003 vs 2002

Shrank 100% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AKERSGATA 18 AS. Revenue 1.27m NOK → 0 NOK (-100.0%). Net result -19.64m NOK → -19.36m NOK. Equity -16.98m NOK → -36.33m NOK.

On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSGATA 18 AS.

At a glance

Scorecard

Revenue
1.27m NOK 0 NOK
-100.0%
Operating result
-29.93m NOK -22.59m NOK
+24.5%
Net result
-19.64m NOK -19.36m NOK
+1.4%
Equity
-16.98m NOK -36.33m NOK
-114.0%
Cash
10 NOK 3.97m NOK
+39667150.0%
Total assets
58.77m NOK 83.57m NOK
+42.2%

What improved

  • ↑

    Operating result improved

    Operating result -29.93m NOK → -22.59m NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 10 NOK → 3.97m NOK (+39667150.0% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.27m NOK to 0 NOK (-100.0% YoY). Calculated

  • ↓

    Equity eroded

    Book equity -16.98m NOK → -36.33m NOK (equity ratio -28.9% → -43.5%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.17m NOK → 1.30m NOK. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -43.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation