A & B ANDREASSEN MASKIN AS: årsregnskap 1998 vs 1997
Shrank 27% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for A & B ANDREASSEN MASKIN AS. Revenue 914.2k NOK → 664.6k NOK (-27.3%). Equity 111.3k NOK → 330.5k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +28.7k NOK → +367.9k NOK (op. margin 3.1% → 55.3%). Calculated
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↑
Equity strengthened
Book equity 111.3k NOK → 330.5k NOK (equity ratio 6608.5% → 14.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 914.2k NOK to 664.6k NOK (-27.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.14× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 393.5k NOK → 541.9k NOK (43% → 82% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 97.6k NOK → 441.3k NOK (+352.3% YoY). Calculated