A JOHANSEN AS: årsregnskap 1993 vs 1992
Shrank 51% on revenue
Summary
What changed
Comparing Årsregnskap 1993 with 1992 for A JOHANSEN AS. Revenue 51.31m NOK → 25.33m NOK (-50.6%). Equity -375.4k NOK → -1.24m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded.
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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↑
Operating result improved
Operating result +195.8k NOK → +898.5k NOK (op. margin 0.4% → 3.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 51.31m NOK to 25.33m NOK (-50.6% YoY). Calculated
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↓
Equity eroded
Book equity -375.4k NOK → -1.24m NOK (equity ratio -5.9% → -12.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 45.5k NOK → 3 NOK. Reported fact