A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi: årsregnskap 1999 vs 1998
Shrank 54% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi. Revenue 2.00m NOK → 912.4k NOK (-54.3%). Net result +353.4k NOK → -90.7k NOK. Equity 204.7k NOK → 114.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. 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 1.08m NOK → 590.6k NOK (54% → 65% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.00m NOK to 912.4k NOK (-54.3% YoY). Calculated
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↓
Operating result weakened
Operating result +437.2k NOK → -19.0k NOK (op. margin 21.9% → -2.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 353.4k NOK profit to a loss of 90.7k NOK. Calculated
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↓
Equity eroded
Book equity 204.7k NOK → 114.0k NOK (equity ratio 10.1% → 9.6%). Calculated
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↓
COGS moved
COGS / varekostnad 68.0k NOK → 117.9k NOK (+73.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation