A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi: årsregnskap 2000 vs 1999
Shrank 57% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2000 with 1999 for A/S Den Norske Metallpakningsfabrikk & Vestlandske Kunst- og Metallstøperi. Revenue 912.4k NOK → 391.1k NOK (-57.1%). Net result -90.7k NOK → +55.5k NOK. Equity 114.0k NOK → 169.5k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. 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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Operating result improved
Operating result -19.0k NOK → +7.17m NOK (op. margin -2.1% → 1834.4%). Calculated
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Turned profitable
Net result flipped from a loss of 90.7k NOK to a profit of 55.5k NOK. Calculated
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Equity strengthened
Book equity 114.0k NOK → 169.5k NOK (equity ratio 9.6% → 6.3%). Calculated
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Payroll decreased
Salary cost 590.6k NOK → 2 113 NOK (65% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 912.4k NOK to 391.1k NOK (-57.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 117.9k NOK → 117 NOK (-99.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 550.0k NOK. Reported fact