A G KJØSTVEDT AS: årsregnskap 1999 vs 1998
Grew 15% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A G KJØSTVEDT AS. Revenue 3.89m NOK → 4.48m NOK (+15.0%). Net result +48.7k NOK → +180.6k NOK. Equity 1.12m NOK → 730.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for A G KJØSTVEDT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.89m NOK to 4.48m NOK (+15.0% YoY). Calculated
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↑
Operating result improved
Operating result +197.9k NOK → +457.1k NOK (op. margin 5.1% → 10.2%). Calculated
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↑
Net result improved
Net result +48.7k NOK → +180.6k NOK (net margin 1.3% → 4.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.13× → 1.11×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.12m NOK → 730.8k NOK (equity ratio 26.0% → 15.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 940.5k NOK → 1.01m NOK (24% → 22% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.14m NOK → 2.28m NOK (+6.2% YoY). Calculated