A OLSEN & SØNN AS: årsregnskap 1999 vs 1998
Shrank 44% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A OLSEN & SØNN AS. Revenue 1.44m NOK → 803.0k NOK (-44.1%). Net result +341.1k NOK → +189.5k NOK. Equity 5 132 NOK → 184.4k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 5 132 NOK → 184.4k NOK (equity ratio 0.4% → 26.0%). Calculated
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↑
Payroll decreased
Salary cost 378.4k NOK → 354.6k NOK (26% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.44m NOK to 803.0k NOK (-44.1% YoY). Calculated
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↓
Operating result weakened
Operating result +421.6k NOK → +124.9k NOK (op. margin 29.4% → 15.6%). Calculated
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↓
Net result weakened
Net result +341.1k NOK → +189.5k NOK (net margin 23.8% → 23.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.30× → 0.41× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 12.5k NOK → 19.2k NOK (+54.3% YoY). Calculated