A/S Hørtefossen: årsregnskap 1999 vs 1998
Shrank 220% on revenue, slipped into loss, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A/S Hørtefossen. Revenue 3.45m NOK → -4.15m NOK (-220.3%). Net result +190.2k NOK → -353.0k NOK. Equity 54.7k NOK → -1.21m NOK.
On the constructive side: cash rose. 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 Hørtefossen.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 410.8k NOK → 906.5k NOK (+120.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.45m NOK to -4.15m NOK (-220.3% YoY). Calculated
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↓
Operating result weakened
Operating result +244.8k NOK → -452.6k NOK (op. margin 7.1% → 10.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 190.2k NOK profit to a loss of 353.0k NOK. Calculated
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↓
Equity eroded
Book equity 54.7k NOK → -1.21m NOK (equity ratio 2.4% → -41.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.55× → -1.55× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -41.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation