A M AAGAARD AS: årsregnskap 1998 vs 1997
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for A M AAGAARD AS. Revenue 3.33m NOK → 3.16m NOK (-5.0%). Equity 451.9k NOK → 465.3k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 451.9k NOK → 465.3k NOK (equity ratio 20.4% → 53.7%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.33m NOK to 3.16m NOK (-5.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +381.2k NOK → +80.8k NOK (op. margin 11.5% → 2.6%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.97× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 614.7k NOK → 656.9k NOK (18% → 21% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 1.74m NOK → 1.77m NOK (+1.6% YoY). Calculated