A. M. VIK AS: årsregnskap 1999 vs 1998
Shrank 5% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A. M. VIK AS. Revenue 2.29m NOK → 2.17m NOK (-5.3%). Net result +106.4k NOK → +114.4k NOK. Equity 149.3k NOK → 240.7k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A. M. VIK AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +164.5k NOK → +175.1k NOK (op. margin 7.2% → 8.1%). Calculated
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↑
Net result improved
Net result +106.4k NOK → +114.4k NOK (net margin 4.7% → 5.3%). Calculated
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↑
Equity strengthened
Book equity 149.3k NOK → 240.7k NOK (equity ratio 25.9% → 27.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.29m NOK to 2.17m NOK (-5.3% YoY). Calculated
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↓
Cash fell
Bank deposits 190.9k NOK → 52.1k NOK (-72.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 570.5k NOK → 595.1k NOK (25% → 27% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.36m NOK → 1.21m NOK (-11.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 11.7k NOK → 25.2k NOK. Reported fact