A JOHANSEN AS: årsregnskap 1992 vs 1991
Grew 16% on revenue
Summary
What changed
Comparing Årsregnskap 1992 with 1991 for A JOHANSEN AS. Revenue 44.39m NOK → 51.31m NOK (+15.6%). Equity 1.14m NOK → -375.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A JOHANSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 44.39m NOK to 51.31m NOK (+15.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +4.83m NOK → +195.8k NOK (op. margin 10.9% → 0.4%). Calculated
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↓
Equity eroded
Book equity 1.14m NOK → -375.4k NOK (equity ratio 17.8% → -5.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.52× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 81.8k NOK → 45.5k NOK. Reported fact