A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi: årsregnskap 1995 vs 1994
Shrank 19% on revenue
Summary
What changed
Comparing Årsregnskap 1995 with 1994 for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi. Revenue 1.42m NOK → 1.15m NOK (-18.6%). Equity 1.43m NOK → -1.44m 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 Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 676.3k NOK → 606.8k NOK (48% → 53% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.42m NOK to 1.15m NOK (-18.6% YoY). Calculated
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↓
Operating result weakened
Operating result +165.5k NOK → +68.6k NOK (op. margin 11.7% → 5.9%). Calculated
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↓
Equity eroded
Book equity 1.43m NOK → -1.44m NOK (equity ratio 135.0% → -148.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -148.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 335.3k NOK → 37.7k NOK (-88.8% YoY). Calculated