A EGGEN AS: årsregnskap 1999 vs 1998
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A EGGEN AS. Revenue 7.57m NOK → 7.39m NOK (-2.3%). Equity 937.7k NOK → 34.5k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A EGGEN AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.57m NOK to 7.39m NOK (-2.3% YoY). Calculated
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↓
Operating result weakened
Operating result +444.2k NOK → +99.3k NOK (op. margin 5.9% → 1.3%). Calculated
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↓
Equity eroded
Book equity 937.7k NOK → 34.5k NOK (equity ratio 31.3% → 1.5%). Calculated
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↓
Cash fell
Bank deposits 523.2k NOK → 347.9k NOK (-33.5% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 8 NOK → 4.60m NOK (+57456250.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 133.1k NOK → 12.13m NOK. Reported fact