A HØIBO AS: årsregnskap 1999 vs 1998
Shrank 9% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A HØIBO AS. Revenue 27.63m NOK → 25.15m NOK (-9.0%). Net result -289.0k NOK → +903.3k NOK. Equity 8.08m NOK → 8.64m NOK.
On the constructive side: turned profitable; equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A HØIBO AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 289.0k NOK to a profit of 903.3k NOK. Calculated
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↑
Equity strengthened
Book equity 8.08m NOK → 8.64m NOK (equity ratio 76.5% → 60.1%). Calculated
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↑
Payroll decreased
Salary cost 2.74m NOK → 2.65m NOK (10% → 11% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 27.63m NOK to 25.15m NOK (-9.0% YoY). Calculated
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↓
Operating result weakened
Operating result +306.4k NOK → +154.7k NOK (op. margin 1.1% → 0.6%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 21.12m NOK → 17.38m NOK (-17.7% YoY). Calculated