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Org.nr 961 109 337 1998 → 1999 Year-over-year analysis

A GULLAKSEN & SØNNER AS: årsregnskap 1999 vs 1998

Shrank 23% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 1999 with 1998 for A GULLAKSEN & SØNNER AS. Revenue 19.92m NOK → 15.37m NOK (-22.9%). Net result +5.54m NOK → +3.49m NOK. Equity 14.47m NOK → 17.00m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A GULLAKSEN & SØNNER AS.

At a glance

Scorecard

Revenue
19.92m NOK 15.37m NOK
-22.9%
Operating result
+6.89m NOK +3.53m NOK
-48.8%
Net result
+5.54m NOK +3.49m NOK
-37.0%
Equity
14.47m NOK 17.00m NOK
+17.5%
Total assets
22.56m NOK 22.86m NOK
+1.3%

What improved

  • ↑

    Equity strengthened

    Book equity 14.47m NOK → 17.00m NOK (equity ratio 64.1% → 74.4%). Calculated

  • ↑

    Payroll decreased

    Salary cost 8.12m NOK → 6.33m NOK (41% → 41% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 19.92m NOK to 15.37m NOK (-22.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +6.89m NOK → +3.53m NOK (op. margin 34.6% → 22.9%). Calculated

  • ↓

    Net result weakened

    Net result +5.54m NOK → +3.49m NOK (net margin 27.8% → 22.7%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 742.4k NOK → 664.5k NOK (-10.5% YoY). Calculated