A/S Edvardsen Eiendom: årsregnskap 1999 vs 1998
Shrank 7% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A/S Edvardsen Eiendom. Revenue 811.4k NOK → 755.9k NOK (-6.8%). Equity -944.0k NOK → -1.26m NOK.
On the constructive side: owners injected capital. 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/S Edvardsen Eiendom.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose -1.34m NOK → 1.66m NOK (+3.00m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 811.4k NOK to 755.9k NOK (-6.8% YoY). Calculated
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↓
Operating result weakened
Operating result +357.2k NOK → +313.2k NOK (op. margin 44.0% → 41.4%). Calculated
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↓
Equity eroded
Book equity -944.0k NOK → -1.26m NOK (equity ratio -14.8% → -20.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -20.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation