A. HANSEN GRUPPEN AS: årsregnskap 1999 vs 1998
Shrank 110% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A. HANSEN GRUPPEN AS. Revenue 112.25m NOK → -11.74m NOK (-110.5%). Net result -335.0k NOK → -758.0k NOK. Equity 909.0k NOK → -329.2k NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A. HANSEN GRUPPEN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -515.6k NOK → +817.2k NOK (op. margin -0.5% → -7.0%). Calculated
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Cash rose
Bank deposits 113.7k NOK → 660.8k NOK (+481.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 112.25m NOK to -11.74m NOK (-110.5% YoY). Calculated
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↓
Net result weakened
Net result -335.0k NOK → -758.0k NOK (net margin -0.3% → 6.5%). Calculated
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↓
Equity eroded
Book equity 909.0k NOK → -329.2k NOK (equity ratio 26.0% → -10.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.02m NOK → 3.57m NOK. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -10.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 6.75m NOK → 5.78m NOK (-14.4% YoY). Calculated