A/S Ariel: årsregnskap 1998 vs 1997
Shrank 33% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for A/S Ariel. Revenue 412.7k NOK → 274.9k NOK (-33.4%). Equity -30.6k NOK → -83.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A/S Ariel.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 287.5k NOK → 142.7k NOK (70% → 52% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 412.7k NOK to 274.9k NOK (-33.4% YoY). Calculated
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↓
Operating result weakened
Operating result +183.0k NOK → -46.5k NOK (op. margin 44.3% → -16.9%). Calculated
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↓
Equity eroded
Book equity -30.6k NOK → -83.7k NOK (equity ratio -12.5% → -155.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -155.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 41.9k NOK → 26.3k NOK (-37.2% YoY). Calculated