A-OPTIKK AS: årsregnskap 1997 vs 1996
Shrank 25% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1997 with 1996 for A-OPTIKK AS. Revenue -3.74m NOK → -4.69m NOK (-25.3%). Net result +112.1k NOK → +183.4k NOK. Equity -301.2k NOK → -386.7k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A-OPTIKK AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +112.1k NOK → +183.4k NOK (net margin -3.0% → -3.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from -3.74m NOK to -4.69m NOK (-25.3% YoY). Calculated
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↓
Operating result weakened
Operating result -208.1k NOK → -319.0k NOK (op. margin 5.6% → 6.8%). Calculated
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↓
Equity eroded
Book equity -301.2k NOK → -386.7k NOK (equity ratio -22.0% → -25.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -25.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation