A JENSERUD & SØNN AS: årsregnskap 1999 vs 1998
Shrank 183% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A JENSERUD & SØNN AS. Revenue 2.84m NOK → -2.35m NOK (-182.7%). Net result -101.8k NOK → -102.1k NOK. Equity 123.6k NOK → -125.7k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A JENSERUD & SØNN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.84m NOK to -2.35m NOK (-182.7% YoY). Calculated
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↓
Operating result weakened
Operating result +138.6k NOK → -132.0k NOK (op. margin 4.9% → 5.6%). Calculated
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↓
Equity eroded
Book equity 123.6k NOK → -125.7k NOK (equity ratio 14.9% → -16.6%). Calculated
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↓
Cash fell
Bank deposits 385.8k NOK → 207.5k NOK (-46.2% YoY). Calculated
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Payroll up without matching revenue
Salary cost 408.3k NOK → 533.2k NOK. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -16.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 2.06m NOK → 1.43m NOK (-30.5% YoY). Calculated