A MARINE AS: årsregnskap 1999 vs 1998
Shrank 66% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A MARINE AS. Revenue 893.2k NOK → 304.2k NOK (-65.9%). Net result +206.0k NOK → +145.0k NOK. Equity 192.2k NOK → 47.1k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A MARINE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 893.2k NOK to 304.2k NOK (-65.9% YoY). Calculated
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Operating result weakened
Operating result +360.6k NOK → +243.1k NOK (op. margin 40.4% → 79.9%). Calculated
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Net result weakened
Net result +206.0k NOK → +145.0k NOK (net margin 23.1% → 47.7%). Calculated
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Equity eroded
Book equity 192.2k NOK → 47.1k NOK (equity ratio 27.3% → 8.8%). Calculated
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Cash fell
Bank deposits 62.6k NOK → 30.4k NOK (-51.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 56.9k NOK → 10.0k NOK. Reported fact