A/S LANDÅSVEIEN 5 & 7: årsregnskap 1999 vs 1998
Shrank 207% on revenue, slipped into loss, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A/S LANDÅSVEIEN 5 & 7. Revenue 132.9k NOK → -142.5k NOK (-207.2%). Net result +2 332 NOK → -32.0k NOK. Equity 141.6k NOK → -173.6k 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 LANDÅSVEIEN 5 & 7.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 79.4k NOK → 97.9k NOK (+23.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 132.9k NOK to -142.5k NOK (-207.2% YoY). Calculated
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↓
Operating result weakened
Operating result -4 759 NOK → -41.2k NOK (op. margin -3.6% → 28.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 2 332 NOK profit to a loss of 32.0k NOK. Calculated
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↓
Equity eroded
Book equity 141.6k NOK → -173.6k NOK (equity ratio 46.4% → -55.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.01× → -21.29× — 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 -55.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation