FirmaIQ
Org.nr 947 454 838 1997 → 1998 Year-over-year analysis

A/S Hørtefossen: årsregnskap 1998 vs 1997

Grew 14% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 1998 with 1997 for A/S Hørtefossen. Revenue 3.03m NOK → 3.45m NOK (+13.7%). Net result +62.4k NOK → +190.2k NOK. Equity 864.6k NOK → 54.7k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Hørtefossen.

At a glance

Scorecard

Revenue
3.03m NOK 3.45m NOK
+13.7%
Operating result
+67.7k NOK +244.8k NOK
+261.9%
Net result
+62.4k NOK +190.2k NOK
+204.7%
Equity
864.6k NOK 54.7k NOK
-93.7%
Cash
n/m 410.8k NOK
—
Total assets
1.90m NOK 2.31m NOK
+21.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.03m NOK to 3.45m NOK (+13.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +67.7k NOK → +244.8k NOK (op. margin 2.2% → 7.1%). Calculated

  • ↑

    Net result improved

    Net result +62.4k NOK → +190.2k NOK (net margin 2.1% → 5.5%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 864.6k NOK → 54.7k NOK (equity ratio 45.6% → 2.4%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation