3 STEP IT AS: årsregnskap 2000 vs 1999
Shrank 9% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2000 with 1999 for 3 STEP IT AS. Revenue 380.56m NOK → 347.66m NOK (-8.6%). Net result +398.1k NOK → +45.5k NOK. Equity 686.9k NOK → 732.4k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3 STEP IT AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 686.9k NOK → 732.4k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 380.56m NOK to 347.66m NOK (-8.6% YoY). Calculated
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↓
Operating result weakened
Operating result +647.2k NOK → +318.6k NOK (op. margin 0.2% → 0.1%). Calculated
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↓
Net result weakened
Net result +398.1k NOK → +45.5k NOK (net margin 0.1% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation