A. HØVIK EIENDOM AS: årsregnskap 1998 vs 1997
Grew 18% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for A. HØVIK EIENDOM AS. Revenue 1.29m NOK → 1.52m NOK (+17.6%). Equity 886.6k NOK → 381.2k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A. HØVIK EIENDOM AS.
At a glance
Scorecard
Revenue
1.29m NOK
1.52m NOK
+17.6%
Operating result
+784.5k NOK
+986.9k NOK
+25.8%
Net result
n/m
+331.9k NOK
—
Equity
886.6k NOK
381.2k NOK
-57.0%
Cash
n/m
199.5k NOK
—
Total assets
7.60m NOK
11.86m NOK
+56.0%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.29m NOK to 1.52m NOK (+17.6% YoY). Calculated
-
↑
Operating result improved
Operating result +784.5k NOK → +986.9k NOK (op. margin 60.9% → 65.1%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 886.6k NOK → 381.2k NOK (equity ratio 11.7% → 3.2%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 3.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation