1-2-TRE AS: årsregnskap 1999 vs 1998
Shrank 35% on revenue
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for 1-2-TRE AS. Revenue 195.4k NOK → 127.9k NOK (-34.6%). Equity 23.9k NOK → -74.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 1-2-TRE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 53.1k NOK → 0 NOK (27% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 195.4k NOK to 127.9k NOK (-34.6% YoY). Calculated
-
↓
Operating result weakened
Operating result -33.5k NOK → -46.5k NOK (op. margin -17.1% → -36.3%). Calculated
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↓
Equity eroded
Book equity 23.9k NOK → -74.4k NOK (equity ratio 24.1% → -88.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -88.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 130.5k NOK → 105.6k NOK (-19.1% YoY). Calculated