A E TUFTE AS: årsregnskap 1999 vs 1998
Shrank 220% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A E TUFTE AS. Revenue 371.5k NOK → -444.6k NOK (-219.7%). Net result -69.0k NOK → -474.9k NOK. Equity 4.11m NOK → -4.23m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for A E TUFTE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 16.4k NOK → 9 128 NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 371.5k NOK to -444.6k NOK (-219.7% YoY). Calculated
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↓
Operating result weakened
Operating result +66.2k NOK → -71.0k NOK (op. margin 17.8% → 16.0%). Calculated
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↓
Net result weakened
Net result -69.0k NOK → -474.9k NOK (net margin -18.6% → 106.8%). Calculated
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↓
Equity eroded
Book equity 4.11m NOK → -4.23m NOK (equity ratio 75.5% → -78.7%). Calculated
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↓
Cash fell
Bank deposits 1.07m NOK → 646.6k NOK (-39.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -78.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell -731.4k NOK → -791.4k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 1.39m NOK → 401.0k NOK. Reported fact