A HELGESEN EIENDOM AS: årsregnskap 1999 vs 1998
Shrank 53% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A HELGESEN EIENDOM AS. Revenue 1.55m NOK → 736.4k NOK (-52.6%). Net result +225.3k NOK → +364.3k NOK. Equity 212.1k NOK → 5.43m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A HELGESEN EIENDOM AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +409.7k NOK → +537.3k NOK (op. margin 26.4% → 73.0%). Calculated
-
↑
Net result improved
Net result +225.3k NOK → +364.3k NOK (net margin 14.5% → 49.5%). Calculated
-
↑
Equity strengthened
Book equity 212.1k NOK → 5.43m NOK (equity ratio 2.4% → 61.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.55m NOK to 736.4k NOK (-52.6% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 448.7k NOK → 495.7k NOK (29% → 67% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 304.4k NOK → 250.0k NOK. Reported fact