A/S Even Cudrio: årsregnskap 2000 vs 1999
Shrank 8% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2000 with 1999 for A/S Even Cudrio. Revenue 9.15m NOK → 8.43m NOK (-7.8%). Net result +205.2k NOK → +19.5k NOK. Equity 13.8k NOK → 5 678 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S Even Cudrio.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.56m NOK → 3.52m NOK (39% → 42% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.15m NOK to 8.43m NOK (-7.8% YoY). Calculated
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↓
Operating result weakened
Operating result +386.1k NOK → +238.4k NOK (op. margin 4.2% → 2.8%). Calculated
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↓
Net result weakened
Net result +205.2k NOK → +19.5k NOK (net margin 2.2% → 0.2%). Calculated
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↓
Equity eroded
Book equity 13.8k NOK → 5 678 NOK (equity ratio 0.6% → 0.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 3.49m NOK → 2.70m NOK (-22.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 70.9k NOK → 27.4k NOK. Reported fact