2 BRØDRE HOLDING AS: årsregnskap 1999 vs 1998
Shrank 54% on revenue
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for 2 BRØDRE HOLDING AS. Revenue -47.97m NOK → -73.96m NOK (-54.2%). Net result +475 NOK → +5 207 NOK. Equity -4.68m NOK → -16.89m NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for 2 BRØDRE HOLDING AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +475 NOK → +5 207 NOK (net margin -0.0% → -0.0%). Calculated
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Cash rose
Bank deposits 3.96m NOK → 8.09m NOK (+104.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from -47.97m NOK to -73.96m NOK (-54.2% YoY). Calculated
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↓
Operating result weakened
Operating result -4.15m NOK → -10.26m NOK (op. margin 8.6% → 13.9%). Calculated
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↓
Equity eroded
Book equity -4.68m NOK → -16.89m NOK (equity ratio -7.7% → -26.4%). Calculated
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↓
COGS moved
COGS / varekostnad 32.04m NOK → 47.82m NOK (+49.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -26.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell -500.0k NOK → -40.00m NOK — check capital reduction, conversion, or reclassification. Interpretation