A O GREVSTAD EIENDOM AS: årsregnskap 1999 vs 1998
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A O GREVSTAD EIENDOM AS. Revenue 2.26m NOK → 2.32m NOK (+2.7%). Equity 6.90m NOK → 5.99m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.26m NOK to 2.32m NOK (+2.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 730.5k NOK → 327.2k NOK (32% → 14% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +779.3k NOK → +209.4k NOK (op. margin 34.5% → 9.0%). Calculated
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↓
Equity eroded
Book equity 6.90m NOK → 5.99m NOK (equity ratio 87.0% → 70.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1219.47× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 45.2k NOK → 40.7k NOK. Reported fact