1000 MILE NORGE AS: årsregnskap 1998 vs 1997
Shrank 87% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for 1000 MILE NORGE AS. Revenue 1.14m NOK → 147.8k NOK (-87.0%). Equity 151.3k NOK → -130.6k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1000 MILE NORGE AS.
At a glance
Scorecard
Revenue
1.14m NOK
147.8k NOK
-87.0%
Operating result
+168.8k NOK
+26.3k NOK
-84.4%
Equity
151.3k NOK
-130.6k NOK
-186.3%
Cash
n/m
1 937 NOK
—
Total assets
4 984 NOK
19.7k NOK
+294.8%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.14m NOK to 147.8k NOK (-87.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +168.8k NOK → +26.3k NOK (op. margin 14.9% → 17.8%). Calculated
-
↓
Equity eroded
Book equity 151.3k NOK → -130.6k NOK (equity ratio 3036.1% → -663.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -663.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation