SOLSTAD OFFSHORE ASA: årsregnskap 2005 vs 2004
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for SOLSTAD OFFSHORE ASA. Equity 1174499317.94bn NOK → 10 NOK.
On the constructive side: current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for SOLSTAD OFFSHORE ASA.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.11×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 1174499317.94bn NOK → 10 NOK (equity ratio 109944335046.9% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 92724187.21bn NOK → 10 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 3 NOK → 4.62m NOK. Reported fact