A BJØRNSTAD AS: årsregnskap 1998 vs 1997
Shrank 96% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for A BJØRNSTAD AS. Revenue 29.54m NOK → 1.14m NOK (-96.2%). Net result +142 NOK → +162.1k NOK. Equity 498.20bn NOK → 860.3k NOK.
On the constructive side: net result improved. 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 A BJØRNSTAD AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +142 NOK → +162.1k NOK (net margin 0.0% → 14.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 29.54m NOK to 1.14m NOK (-96.2% YoY). Calculated
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↓
Operating result weakened
Operating result +371.5k NOK → +294.9k NOK (op. margin 1.3% → 26.0%). Calculated
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↓
Equity eroded
Book equity 498.20bn NOK → 860.3k NOK. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation