3ANGLE AS: årsregnskap 1999 vs 1998
Shrank 25% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for 3ANGLE AS. Revenue 821.4k NOK → 615.6k NOK (-25.0%). Net result -62.3k NOK → -94.4k NOK. Equity -5 906 NOK → -100.3k NOK.
On the constructive side: cash rose; payroll decreased. 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 3ANGLE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 59.9k NOK → 68.5k NOK (+14.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 516.1k NOK → 382.2k NOK (63% → 62% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 821.4k NOK to 615.6k NOK (-25.0% YoY). Calculated
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↓
Operating result weakened
Operating result +63.0k NOK → -94.3k NOK (op. margin 7.7% → -15.3%). Calculated
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↓
Net result weakened
Net result -62.3k NOK → -94.4k NOK (net margin -7.6% → -15.3%). Calculated
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↓
Equity eroded
Book equity -5 906 NOK → -100.3k NOK (equity ratio -2.5% → -31.0%). Calculated
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↓
COGS moved
COGS / varekostnad 72.8k NOK → 135.3k NOK (+85.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -31.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation